For Theba property, historical valuation depends on evidence that describes the earlier property and the buyer choices available during that period. Water source, septic, electricity, road quality, and legal access should be verified directly. The assignment should describe the property and market of the selected period, not simply discount or inflate a current value backward.
Historical valuation should not be a current value pushed backward by a percentage. The assignment needs evidence from the selected period, including the subject's condition, property rights, competitive setting, and the alternatives buyers actually had. For Theba, the appraisal should consider disciplined broader searches only when it changes the subject's competitive position.
In the period being valued, water source, septic, electricity, road quality, and legal access should be verified directly. Period-specific records and sales are more useful than present-day assumptions when this characteristic changed over time.
An old sale is not automatically a good historical comparable. The appraiser should understand the transaction, the neighborhood stage, the property's condition, and whether the sale reflected the same residential market during the period being studied.
Archived listings, photographs, permits, recorded documents, subdivision history, and improvement records can materially change the historical comparable set. The strongest record links those documents to market evidence from the same period.
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