An appraiser is most likely to use the cost approach for which of the following properties?

A condominium built in the 1990s is likely to have a competitive market with comparable sales available. The sales comparison approach is typically preferred for residential properties like condominiums, as there are numerous sales data points that can be analyzed for accurate valuation.

Cooperatives also have a market with active sales and rental data, allowing for effective valuation through the sales comparison approach. The cost approach is less useful here, as the value is often determined by the cooperative's financial performance and market demand, rather than just the construction costs.

A single-family residence built in the 1950s generally has numerous comparable sales available, making it more suitable for the sales comparison approach. While the cost approach can be applied, it is not the primary method for valuing residential properties with a robust market.