Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
