Which of the following is NOT a type of property value?

Appraised Value is indeed a recognized type of property value and refers to the valuation determined by a licensed appraiser based on a detailed analysis of various factors. This includes the property's condition, location, and comparable sales in the area. The appraised value is often used for financing, tax assessments, and determining marketability.

The other options provided - Investment Value, Market Value, and Depreciated Value - are legitimate types of property values as well. Investment value reflects the specific value of the property to a particular investor, taking into account their individual investment criteria. Market value represents the price that a property is expected to sell for on the open market, under normal conditions. Depreciated value refers to the reduction in value of a property over time due to wear and tear or obsolescence.

Each of these terms reflects different perspectives and considerations that buyers, sellers, and investors may have regarding property valuation, which underscores the complexity and multi-faceted nature of real estate valuation. Understanding the nuances among these types helps in accurately assessing and managing property in the market.