1. The sales comparison approach is being used to obtain an indication of the market value of a single family residence. The subject property is compared to the four properties that sold during the past year in the same neighborhood. Relevant characteristics of the subject and the comparables are presented below. Subject: current sale, fireplace, 4 bedrooms, good condition, 2,000 square feet. Sale 1: sold 6 months, fireplace, 4 bedrooms, good condition, 2,100 square feet, for $252,000. Sale 2: sold last year, no replace, 4 bedrooms, good condition, 2,200 square feet, for $220,000. Sale 3: sold last week, no replace, 4 bedrooms, good condition, 2,200 square feet for $242,000. Sale 4: sold 3 months ago, no fireplace, 4 bedrooms, average condition, 2,050 square feet for $194750. Analyze the sales on the price per square foot basis and make any adjustments necessary to obtain an indication of value for the subject property. Present your ndings in the form ofa sales comparison chart, or grid, and explain all adjustments