A property comparable to the single-family home you are appraising sold three months ago for $458,000. You have determined that the adjustments required for differences in the comparable and subject property are as follows:

Transaction Characteristics Property Rights Conveyed: none Financing Terms: none Conditions of Sale: none Expenditures Immed. After Sale: $3,000 Market Conditions (monthly, not compounded): 0.5%

Property Characteristics Location: 3% Physical Characteristics: -5% Economic Characteristics: none Use: none Non-Realty Components: -$5,000

Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable?

Your Answer: