Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

28 10 points 01:52:26 Fles A comparable property sold 10 months ago for $293,700. The adjustments for the various elements of comparison have been

image text in transcribed

28 10 points 01:52:26 Fles A comparable property sold 10 months ago for $293,700. The adjustments for the various elements of comparison have been calculated as follows: Location: -3 percent Market conditions: 4 percent per month. Physical characteristics: +$15,000 Financing terms: -$2,300 Conditions of sale: 0 Property rights conveyed: 0 Use: None Nonrealty items: -$3,400 Making the adjustments in the order suggested in Exhibit 7-6, what is the comparable's final adjusted sale price? O $408,145 O $418,469 O $416,269 O $411,669 O $381,669

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

9781285586618

Students also viewed these Finance questions