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A comparable property sold 4 months ago for $223,500. The adjustments for the various elements of comparison have been calculated as follows: Location: +3 %
A comparable property sold 4 months ago for $223,500. The adjustments for the various elements of comparison have been calculated as follows:
- Location: +3 %
- Market conditions: +0.6% per month
- Physical characteristics: +1,500
- Financing terms: -$2,500
- Conditions of sale, Legal characteristics, Use: 0
- Nonrealty items: +$5,200
Round your answers to the nearest hundred and only use numbers (i.e do not include $ or %)
a) What is the normal sale price?
b) What is the value of the market conditions adjustment?
c) What is the market adjusted normal sale price?
d) What is the value of the location adjustment?
e) What is final adjusted sale price for the comparable?
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