Answered step by step
Verified Expert Solution
Question
1 Approved Answer
10 10 1 point Refer to the adjustment grid below. -- Address Sale price Sale price/GLA Days on market Value adjustments Financing Concessions Date
10 10 1 point Refer to the adjustment grid below. -- Address Sale price Sale price/GLA Days on market Value adjustments Financing Concessions Date of sale/time 5.00% Location Leasehold/fee simple Site (acres) View Design/appeal Construction quality Subject 123 Main St Comparable 1 456 High St $410,000 $199.81 334 Comparable 2 789 North Rd $212.50 49 Comparable 3 468 East Dr $425,000 $215.91 4 $475,000 Description assume conv. mortgage or cash now 1200 W. 400 W fee simple 27.00 acres wooded/school 2-story/avg. log construction Description new mortgage no concessions 6 months ago 1500 W. 350 N fee simple 12.00 acres wooded 1-story/avg. Adjustment Description Adjustment Description Adjustment contract sale favorable terms new mortgage no concessions A 4 months ago F 4 months ago K 500 N. 150 W 150 S. 50 W fee simple 12.00 acres wooded 2-story/avg. wood/brick/avg. wood/brick/avg. fee simple 8.00 acres wooded 2-story/avg. wood/stn./avg. 6 B 7 G 9 average average average 7|3|2 91312 81413 2,052 sq. ft. CDL 2,000 sq. ft. H 2,200 sq. ft. 800 sq. ft. E 0 sq. ft. J average Age Condition $4,000 10 average AG room count 81312 AG living area $75 2,000 sq. ft. Basement area $10 1,400 sq. ft. 0 sq. ft. Finished basement $20 0 sq. ft. 0 sq. ft. Functional utility average/log HVAC Garage/carport Porch/patio Fireplaces Fence, pool, etc. GFA/cent. AC 2-car att. garage scr. porch 1 fireplace None average GFA/cent. AC 2-car att. garage fence, shed, porch 1 fireplace Shed GFA/cent. AC 2-car att. garage scr. porch 1 fireplace 528-sq.-ft. bar 1,000 sq. ft. 600 sq. ft. average GFA/cent. AC 2-car att. garage porch 1 fireplace None L ONM What is the indicated dollar amount adjustment for age for Comparable 2 (G)? Assume that newer properties are more desirable and the appropriate age adjustment is $4,000 per year. Round your adjustments to the nearest $100. Be sure to include the direction of your adjustment. Type your answer...
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started