Fill out the market analysis worksheet based on the following information. The Subject property is located...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Fill out the market analysis worksheet based on the following information. The Subject property is located in Sweetbriar subdivision at 144 Sweetbriar Trail. It is an eight room, one story, wood frame, brick house on a wooded lot. The house has 4 bedrooms, 2 bathrooms and features a bonus room above the two-car garage. The yard is fenced and has a sprinkler system. The house is in good condition at the time of inspection. You find the following four properties in Sugarland subdivision that have sold with in the last six months and are comparable to the subject property. 1) 128 Magnolia Drive: 8 rooms, 3 bedrooms, 2.5 baths with a bonus room above the two-car garage. The brick house is wood frame with a mountain view. The house is in good condition. The yard is not fenced. The house has a sprinkler system. The house was listed for $199,900 and sold for $197,500 in 28 days. 2) 126 Sweetbriar Trail: 8 rooms, 4 bedrooms, 2 baths, wood frame, brick exterior. The house has a 2 car carport. The lot is wooded. The yard is fenced, but there is no sprinkler system. The house is in good condition. The house was listed for $189,900 and sold for $188,000 in 44 days. 3) 244 Southbound Lane: 8 rooms, 3 bedrooms, 2 baths, wood frame, brick exterior. There is a bonus room over the two-car garage. The lot has a mountain view. The house is in good condition. The yard is not fenced, but there is a sprinkler system. The house was listed for $188,500 and sold for $187,500 in 30 days. 4) 228 Magnolia Drive: 8 rooms, 4 bedrooms, 2.5 baths, wood frame, brick exterior. There is a bonus room over the two-car garage. The lot has a lake view. The house is in good condition. The yard is fenced and has a sprinkler system. The house was listed for $208,500 and sold for $208,500 in 14 days. The following adjustments should be made for specific features. Bedroom: $3500 Half bath: $2000 Fenced yard: $3000 Bonus room: $4000 Carport: $3500 Sprinkler System: $2500 Lake view lot: $8000 Mountain view lot: $5000 Subject Property 144 Sweetbriar Trail Differences Properties Recently Sold 128 Magnolia Drive 126 Sweetbriar Trail 244 Southbound Lane 228 Magnolia Drive Bedrooms Bath Fenced Bonus Carport Sprinkler Lake Yard Room System View Bedrooms Bath Fenced Bonus Carport Sprinkler Lake yard Room System View Mountain View Mountain View Sales Price Adjustments: Bedrooms 1/2 Bath Fenced Yard Bonus Room Carport Sprinkler System Lake View Mountain View Adj. Sales Price 128 Magnolia Drive 126 Sweetbriar Trail I Comparables 1 & 2 are weighted at 20%. Comparables 3 & 4 are weighted at 30%. What is the market value of the subject property? 244 Southbound Lane 228 Magnolia Drive Fill out the market analysis worksheet based on the following information. The Subject property is located in Sweetbriar subdivision at 144 Sweetbriar Trail. It is an eight room, one story, wood frame, brick house on a wooded lot. The house has 4 bedrooms, 2 bathrooms and features a bonus room above the two-car garage. The yard is fenced and has a sprinkler system. The house is in good condition at the time of inspection. You find the following four properties in Sugarland subdivision that have sold with in the last six months and are comparable to the subject property. 1) 128 Magnolia Drive: 8 rooms, 3 bedrooms, 2.5 baths with a bonus room above the two-car garage. The brick house is wood frame with a mountain view. The house is in good condition. The yard is not fenced. The house has a sprinkler system. The house was listed for $199,900 and sold for $197,500 in 28 days. 2) 126 Sweetbriar Trail: 8 rooms, 4 bedrooms, 2 baths, wood frame, brick exterior. The house has a 2 car carport. The lot is wooded. The yard is fenced, but there is no sprinkler system. The house is in good condition. The house was listed for $189,900 and sold for $188,000 in 44 days. 3) 244 Southbound Lane: 8 rooms, 3 bedrooms, 2 baths, wood frame, brick exterior. There is a bonus room over the two-car garage. The lot has a mountain view. The house is in good condition. The yard is not fenced, but there is a sprinkler system. The house was listed for $188,500 and sold for $187,500 in 30 days. 4) 228 Magnolia Drive: 8 rooms, 4 bedrooms, 2.5 baths, wood frame, brick exterior. There is a bonus room over the two-car garage. The lot has a lake view. The house is in good condition. The yard is fenced and has a sprinkler system. The house was listed for $208,500 and sold for $208,500 in 14 days. The following adjustments should be made for specific features. Bedroom: $3500 Half bath: $2000 Fenced yard: $3000 Bonus room: $4000 Carport: $3500 Sprinkler System: $2500 Lake view lot: $8000 Mountain view lot: $5000 Subject Property 144 Sweetbriar Trail Differences Properties Recently Sold 128 Magnolia Drive 126 Sweetbriar Trail 244 Southbound Lane 228 Magnolia Drive Bedrooms Bath Fenced Bonus Carport Sprinkler Lake Yard Room System View Bedrooms Bath Fenced Bonus Carport Sprinkler Lake yard Room System View Mountain View Mountain View Sales Price Adjustments: Bedrooms 1/2 Bath Fenced Yard Bonus Room Carport Sprinkler System Lake View Mountain View Adj. Sales Price 128 Magnolia Drive 126 Sweetbriar Trail I Comparables 1 & 2 are weighted at 20%. Comparables 3 & 4 are weighted at 30%. What is the market value of the subject property? 244 Southbound Lane 228 Magnolia Drive
Expert Answer:
Answer rating: 100% (QA)
Heres a market analysis worksheet based on the provided information Subject Property Address 144 Swe... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
Posted Date:
Students also viewed these accounting questions
-
Based on the following information from Ouyang Inc., how much is the operating cash flow for the year 2013? Table: Ouyang Inc. Operating Cash Flow Income Statement Item Year Ended 12/31/2012 Year...
-
Based on the following information find the Federal Income Tax (FIT) withholding using the wages bracket method: Time Card# Name Filling Status Gross earning OASDI HI FIT 11 Carson, F. S $700.00...
-
Based on the following information given, make your own socratic question with ideas/opinions and relevant evidence. My Question #1: My Question #2:
-
In Problem 3.67 on page 135, you were introduced to a tea-bag-filling operation. An important quality characteristic of interest for this process is the weight of the tea in the individual bags. The...
-
Brian Callahan, IS project manager, is just about ready to depart for an urgent meeting called by Joe Campbell, manager of manufacturing operations. A major BPI project, sponsored by Joe, recently...
-
Write the SQL statements that might be used in transaction management and explain how they work.
-
What is the theoretical basis for the assumption that Big Five firms provide higher technical audit quality than non-Big Five firms?
-
Troy Batkin, the chief executive officer of Batkin Corporation, has assembled his top advisers to evaluate an investment opportunity. The advisers expect the company to pay $400,000 cash at the...
-
(1 point) \"1500 square centimeters of material iS available TO make a DO): With a square base and an open 10;): nd the largest possible volume Of the box. Volume = (include _L_J_I'_I_i1}
-
Acme Manufacturing currently employs 13 people in its receiving department. Each receiving dock clerk earns $50,000 per year. Each employee can unload up to 200 pallets of inventory per day. It...
-
Please answer the following questions. Thank you very much and hope you have a Merry Christmas.. Question 13 GS corp., an S corporation, has a current year ordinary income (non-separately stated) of...
-
I Bank of America quoted the 180-day forward rate on the Japanese yen at $0.009702/. The spot rate was quoted at $0.009466/. What is the forward premium or discount on the Japanese yen? (Round your...
-
Friedrich Hayek, a proponent of classical liberal economic thought, wrote the following in his book The Road to Serfdom : It is important not to confuse opposition against...planning with a dogmatic...
-
The Cocoa Division of BonBon Chocolate Company processes fermented cocoa beans into refined cocoa, cocoa butter and dried pod husks. The cost to purchase, ferment and process the cocoa beans is...
-
Art-labeling Activity: Levels of Organization Arrange the items from the lowest to the highest level of organization. 1- Chemical or molecular level, 2- organ level, 3-cellular evel, 4- tissue level,...
-
If fixed costs are $ 3 9 0 , 0 0 0 , variable costs are 7 5 % of net sales, and the company wants to reduce the price by 1 % , how many additional sales will they need to breakeven?
-
Which P.P. Pioneer discussed the micro relationships on their block (Mithra) by mentioning how once weekly, before work, they were invited to a neighbor's home for breakfast? This is an example of the
-
Chloroplasts are illuminated until the levels of the Calvin cycle intermediates reach a steady state. The light is then turned off. How does the level of RuBP vary after this point?
-
Capital Budgeting In evaluating the Cayenne, what do you think Porsche needs to assume regarding the substantial profit margins that exist in this market? Is it likely they will be maintained as the...
-
Calculating yields in Problem 1, what was the dividend yield? The capital gains yield?
-
Cash Equation Details Corp has a book net worth of $8,500. Long-term debt is $1,800. Net working capital, other than cash, is $2,380. Fixed assets are $6,400. How much cash does the company have? If...
-
Selected transactions for Neve Campbell Company during its first month in business are presented below. Sept. 1 Invested $10,000 cash in the business in exchange for common stock. 5 Purchased...
-
Food To Go is a local catering service. Conceptually, when should Food To Go recognize revenue from its catering service? a. At the date the invoice is mailed to the customer b. At the date the...
-
The accounts in the ledger of Speedy Delivery Service contain the following balances on July 31, 2006. Instructions Prepare a trial balance with the accounts arranged as illustrated in the chapter...
Study smarter with the SolutionInn App