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12. Use the following instructions to determine the value of the subject property: Assu mean appreciation rate of3% peryear Assume thata rolling site is worth
12. Use the following instructions to determine the value of the subject property: Assu mean appreciation rate of3% peryear Assume thata rolling site is worth more than a levelsite Assume that a wooded site is worth more than a non-woodedsite Assumethata largersite is worth morethanasmallerone Assume thata lot in a higher-pricedaddition is worth more than a lessexpensiveone Use percentage adjustments and subtotal after the market conditions adjustments are made I Subject Property Comparable 1 Adjustment 1234 W. 87th St 9001 Kissel Road Comparable 2 1112 W.91st Street Adjustment Comparable 3 Adjustment Address Sale price Rights transferred Subtotal Financing Subtotal Conditions of sale Subtotal 815 W.86th Street $45,000 S60,000 552,000 fee simple fee simple fee simple fee simple cash to seller cash to seller listing only assume cash arm's-length arm's-length arm's-length -arm's-length 6 months ao 9monthsago current current listing Subtotal Topography Location Wooded Flood area Size (acre5) Zoning Utilities Type (platted) Improved property $200,000 Price range Other factors Net adjustment N/A Indicated value N/A Note that Comparable 3 is only an offeringi.e., a Estingl and has no contract of sale or even a purchase offer level River Township 75% equal 1.7500 Residential R1 all public platted $300,000 $400,000 none level River Township 25% equal 1.0000 Residential R1 all public platted rolling River Township 75% 10.00% 1.2500 Residential R1 all public platted rolling River Township 25% equa 1.0000 Residential R1 all public platted $150,000 $250,000 one S300,000 300,000 5400,000 none none 12. Use the following instructions to determine the value of the subject property: Assu mean appreciation rate of3% peryear Assume thata rolling site is worth more than a levelsite Assume that a wooded site is worth more than a non-woodedsite Assumethata largersite is worth morethanasmallerone Assume thata lot in a higher-pricedaddition is worth more than a lessexpensiveone Use percentage adjustments and subtotal after the market conditions adjustments are made I Subject Property Comparable 1 Adjustment 1234 W. 87th St 9001 Kissel Road Comparable 2 1112 W.91st Street Adjustment Comparable 3 Adjustment Address Sale price Rights transferred Subtotal Financing Subtotal Conditions of sale Subtotal 815 W.86th Street $45,000 S60,000 552,000 fee simple fee simple fee simple fee simple cash to seller cash to seller listing only assume cash arm's-length arm's-length arm's-length -arm's-length 6 months ao 9monthsago current current listing Subtotal Topography Location Wooded Flood area Size (acre5) Zoning Utilities Type (platted) Improved property $200,000 Price range Other factors Net adjustment N/A Indicated value N/A Note that Comparable 3 is only an offeringi.e., a Estingl and has no contract of sale or even a purchase offer level River Township 75% equal 1.7500 Residential R1 all public platted $300,000 $400,000 none level River Township 25% equal 1.0000 Residential R1 all public platted rolling River Township 75% 10.00% 1.2500 Residential R1 all public platted rolling River Township 25% equa 1.0000 Residential R1 all public platted $150,000 $250,000 one S300,000 300,000 5400,000 none none
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