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A property comparable to the single-family home you are appraising sold three months ago for $380,500. You have determined that the adjustments required for differences
A property comparable to the single-family home you are appraising sold three months ago for $380,500. You have determined that the adjustments required for differences in the comparable and subject property are as follows: Transaction characteristics Property rights conveyed Financing terms Conditions of sale Expenditures immed, after purchase Market conditions None None None +3258 +0.6% /month, not compounded Property characteristics Location Physical characteristics: Economics characteristics Use Non-realty components found in comparable +3% -4% N.A. None -7000 What is the final adjusted sale price of the comparable? Make the adjustments in the order suggested by Exhibit 7-6 (page 175). Show complete working in the determination of the final adjusted sale price
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