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(7. Assuming you are an appraiser asked to appraise the value of a vacant lot? You have found four comparable properties that have sold within
(7. Assuming you are an appraiser asked to appraise the value of a vacant lot? You have found four comparable properties that have sold within the last month and all are located in the same neighborhood. The comparables have the following characteristics. T.. Sales Price Size in Sq Feet Lake Lot. Subject 210,000 | 10,500 s.f Comparable 1 $150,000 10,000 s.f. Comparable 2 $200,000 10,000 s.f. Comparable 3 $142,500 9,500 s.f. Comparable 4 $190.000 9,500 s.f. Yes No Yes No Yes Assuming all other factors being equal, what is the value of the Subject property? What is the added value for a lake lot? (4 points)
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