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1 points Saves You are appraising a property located adjacent to a high speed freeway. Total area of the property is 2,400 sq. ft.
1 points Saves You are appraising a property located adjacent to a high speed freeway. Total area of the property is 2,400 sq. ft. Information on four comparable sales: (1) A year ago a 2,400 sq. ft. property not adjacent to freeway sold for $195,000. (2) A 2,800 sq. ft. property sold this year for $215,000. It is located adjacent to the freeway. (3) A year ago a 2,800 sq. ft. property not adjacent to freeway sold for $220,000. (4) A 2,800 sq. ft. property adjacent to the freeway sold a year ago for $200,000. What is the value of the adjustment factor for location and what is the estimated market value of the property under consideration? OA Positive 15,000 for location; estimated market value of $190,000. OB. Negative 15,000 for location; estimated market value of $205,000. Positive 20,000 for location; estimated market value of $190,000. OD. Negative 20,000 for location; estimated market value of $200,000. OE F Positive 15,000 for location; estimated market value of $205,000. Positive 15,000 for location; estimated market value of $215,000. OG. Negative 15,000 for location; estimated market value of $215,000. H Negative 20,000 for location; estimated market value of $190,000.
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