Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

( 1 5 Percent ) Given the following information Comparable 1 Comparable 2 Comparable 3 Sales Price $ 8 3 , 0 0 0 $

(15 Percent) Given the following information
Comparable 1 Comparable 2 Comparable 3
Sales Price $ 83,000 $ 85,500 $ 88,000
$ Adjust $ Adjust $ Adjust
Living Area $ +600 $ -1,200 $ -2,100
Lot Area $ +500 $ +300 $ -500
Age $ -800 $ +400 $ +0
a. What is the weight assigned to compare 1 using the squared value weighting scheme?
b. What is the estimated market value of the subject based on the squared value weighting scheme?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions