Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A comparable property sold six months ago for $180,000. The adjustments for the various elements of comparison have been calculated as follows: Location: +2 percent

A comparable property sold six months ago for $180,000. The adjustments for the various elements of comparison have been calculated as follows:

Location: +2 percent

Market conditions: +.7 percent per month

Physical characteristics: +2,600

Financing terms: -$1,800

Conditions of sale: 0

Legal characteristics: 0

Use: 0

Nonrealty items: +$3,200

What is the comparables final adjusted sale price?

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

The Oxford Handbook Of Hedge Funds

Authors: Douglas Cumming, Sofia Johan, Geoffrey Wood

1st Edition

0198840950, 978-0198840954

More Books

Students also viewed these Finance questions