Using the Direct Sales Comparison Approach and the following data calculate the indicated market value for...
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Using the Direct Sales Comparison Approach and the following data calculate the indicated market value for each comparable. (you must-show a chart and be neat for- partial credit Subject House Comparable # 1 Comparable #2 Comparable #3 2,000 SF, 3 bedrooms, 1 baths, 2 fireplace, 2-car attached garage Central air, 1 acre lot, condition good 4-bedroom, 2 bath, 2,200 SF, 1-car attached garage, no central air, no fireplace, 2 acre lot, Sold for $190,000, condition good 3-bedroom, 2 bath, 1-car attached garage, one fireplace, central air, 2,100 SF, 2 acre lot, swimming pool Sold for $175,000, condition good Condition average, 1 acre lot, Sold for $165,000, 4 bedrooms, 2 bath, 1 car attached garage, no fireplace, central air, 1,900 SF Adjustment Factors for above reconciliation; fireplace $2,000; bedrooms $1,000; one car attached vs. two car attached garage $8,000; size $50 per SF; pool $4,000, bath $8,000; central air $3,000; pool $4,000, an acre of lot $10,000, condition average to good $5,000 Using the Direct Sales Comparison Approach and the following data calculate the indicated market value for each comparable. (you must-show a chart and be neat for- partial credit Subject House Comparable # 1 Comparable #2 Comparable #3 2,000 SF, 3 bedrooms, 1 baths, 2 fireplace, 2-car attached garage Central air, 1 acre lot, condition good 4-bedroom, 2 bath, 2,200 SF, 1-car attached garage, no central air, no fireplace, 2 acre lot, Sold for $190,000, condition good 3-bedroom, 2 bath, 1-car attached garage, one fireplace, central air, 2,100 SF, 2 acre lot, swimming pool Sold for $175,000, condition good Condition average, 1 acre lot, Sold for $165,000, 4 bedrooms, 2 bath, 1 car attached garage, no fireplace, central air, 1,900 SF Adjustment Factors for above reconciliation; fireplace $2,000; bedrooms $1,000; one car attached vs. two car attached garage $8,000; size $50 per SF; pool $4,000, bath $8,000; central air $3,000; pool $4,000, an acre of lot $10,000, condition average to good $5,000
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Subject Property 200000 Comparable 1 180000 Comparable 2 170000 Comparable 3 16000... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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