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4. You have valued a house for $154,750 using direct sales comparison. Four other sales recently occured in the same neighbood, though not necessarily on
4. You have valued a house for $154,750 using direct sales comparison. Four other sales recently occured in the same neighbood, though not necessarily on propertieis you would have selected for direct sales comparison analysis. The assessed values and sales prices of these houses, as well as the assessed value for the subject property are as follows: Sale Assessed Value Selling Price 1 $52,000 $148,200 Page 3 of 4 2 $5 00 $144,400 3 $53,750 $153,725 4 $49,250 $115,000 $151,900 5 $53,300 $57,250 Subject a. Appraise the subject property using an an assessed value/price ratio. How does this value relate to the $154,750 estimatied traditionally"? b
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