Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6 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

image text in transcribed

6 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 Location Leasehold/fee simple Site (acres) View Design/appeal Construction quality 5.00% Subject 123 Main St Comparable 1 456 High St $199.81 334 Comparable 2 789 North Rd $410,000 $212.50 49 $425,000 Comparable 3 468 East Dr $215.91 4 Adjustment Description $475,000 Adjustment contract sale favorable terms new mortgage no concessions A 4 months ago F 4 months ago K 500 N. 150 W wood/brick/avg. 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 fee simple 12.00 acres wooded 2-story/avg. wood/brick/avg. 6 B 7 G 9 average average 150 S. 50 W fee simple 8.00 acres wooded 2-story/avg. wood/stn./avg. average 7|3|2 91312 81413 2,052 sq. ft. CDE 2,000 sq. ft. H 2,200 sq. ft. 800 sq. ft. I 1,000 sq. ft. 0 sq. ft. J 600 sq. ft. Age $4,000 10 Condition average AG room count 832 AG living area $75 2,000 sq. ft. Basement area $10 1,400 sq. ft. 0 sq. ft. Finished basement $20 0 sq. ft. Functional utility HVAC Garage/carport Porch/patio Fireplaces Fence, pool, etc. average/log GFA/cent. AC 2-car att. garage scr. porch 1 fireplace None 0 sq. ft. average GFA/cent. AC 2-car att. garage fence, shed, porch 1 fireplace Shed average GFA/cent. AC 2-car att garage scr. porch 1 fireplace 528-sq.-ft. barn average GFA/cent. AC 2-car att. garage porch 1 fireplace None What is the indicated dollar amount adjustment for above grade living area for Comparable 1 (C)? Assume that larger properties are more desirable and the appropriate adjustment is $75 per above grade square foot. Round your adjustments to the nearest $100. Be sure to include the direction of your adjustment. Type your answer... T 00 -000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

10th Edition

B010IKDQZM

Students also viewed these Finance questions

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago