12. Use the following instructions to determine the value of the subject property. Assume an appreciation rate of 3% per year, Assume that a roling site is worth more than a level site Assume that a wooded site is worth more than a non-wooded site Assume that a larger site is worth more than a smaller one Assume that a lot in a higher-priced addition is worth more than a less expensive one. Use percentage stments and subtotal aner the market conditions adjustments are made. . Subject Property Comparable 1 Adjastment Comparable 2 Adjustment Comparable 3 Adjustment 1234 W. 87th St 9001 Kissel Road 1112 W.91st Street 815 W. 86th Street Sale price $45,000 $52,000 Rights transferred fee simple fee simple fee simple fee simple assume cash cash to seller cash to seller listing only Conditions of sale arm's lengh arm,length armsengh am's-length Market conditions current 6 months ?9months ? current listing - level level River Township 75% River Township River Towmship- 75% 25% equal 1.0000 Residential R1 Flood area ? ?equal ? -1.7500 _ _ Residential R1 Sze (acres) 1.2500 Residential R1 Residential R1 all public . all public all public Type (platted) platted Improved property $200,000 Price rang Other factors Net adjustment N/A Indicated value N/A al public platted -$300,000 $400,000 platted $150,000 $250,000 $300,000 $400,000 $300,000 none none Note that Comperable 3 is only an offering Oa latind) and has no contract of sale or even a pachase offe 12. Use the following instructions to determine the value of the subject property. Assume an appreciation rate of 3% per year, Assume that a roling site is worth more than a level site Assume that a wooded site is worth more than a non-wooded site Assume that a larger site is worth more than a smaller one Assume that a lot in a higher-priced addition is worth more than a less expensive one. Use percentage stments and subtotal aner the market conditions adjustments are made. . Subject Property Comparable 1 Adjastment Comparable 2 Adjustment Comparable 3 Adjustment 1234 W. 87th St 9001 Kissel Road 1112 W.91st Street 815 W. 86th Street Sale price $45,000 $52,000 Rights transferred fee simple fee simple fee simple fee simple assume cash cash to seller cash to seller listing only Conditions of sale arm's lengh arm,length armsengh am's-length Market conditions current 6 months ?9months ? current listing - level level River Township 75% River Township River Towmship- 75% 25% equal 1.0000 Residential R1 Flood area ? ?equal ? -1.7500 _ _ Residential R1 Sze (acres) 1.2500 Residential R1 Residential R1 all public . all public all public Type (platted) platted Improved property $200,000 Price rang Other factors Net adjustment N/A Indicated value N/A al public platted -$300,000 $400,000 platted $150,000 $250,000 $300,000 $400,000 $300,000 none none Note that Comperable 3 is only an offering Oa latind) and has no contract of sale or even a pachase offe
