A. Which comparable should you use for this analysis?

250 main street or 1220 smith street

B. Assume you used the property at 1220 Smith Street as a comparable. The proper adjustment for the difference in garage /carport spaces is:

C. Assume you used 250 Main Street as a comparable. The proper adjustment for the kitchen would be:

D. What is the indicated value of the subject based on your analysis?

You have been asked to come up with an appraised value for a property located at 125 Main Street. The property features 3 bedrooms, 2 bathrooms and a 1 car attached garage and is currently listed for $325,000. It is a 1,320 square feet ranch with carpet and no basement. The home has a privacy fenced yard, patio and sprinkler system. The owners recently updated the kitchen with granite counters. Properties in the area have been appreciating at a rate of 0.8% per month. You have narrowed your list of comparables to the following two properties: Property A is located at 250 Main Street and is a 1,500 square foot ranch with 4 bedrooms, 2 bathrooms and a 2 car attached garage. The home was listed for $379,900 and sold for $344,900 on August 20, 2020 with $1,500 in seller paid closing costs. The property features hardwood flooring throughout, a fireplace, a deck and sprinkler system. Property B is located at 1220 Smith Street and is approximately.5 miles from the home at 125 Main Street. This home is 1,025 square feet and features 2 bedrooms, 1.5 bathrooms and an updated kitchen with granite counters. The backyard is privacy fenced with a patio. The property has a 2 car carport. The home was listed for $319,900 and sold for $324,900 on March 3, 2020. Based on what you have learned in class, select either Property A or Property B to use as a comparable. You have been asked to come up with an appraised value for a property located at 125 Main Street. The property features 3 bedrooms, 2 bathrooms and a 1 car attached garage and is currently listed for $325,000. It is a 1,320 square feet ranch with carpet and no basement. The home has a privacy fenced yard, patio and sprinkler system. The owners recently updated the kitchen with granite counters. Properties in the area have been appreciating at a rate of 0.8% per month. You have narrowed your list of comparables to the following two properties: Property A is located at 250 Main Street and is a 1,500 square foot ranch with 4 bedrooms, 2 bathrooms and a 2 car attached garage. The home was listed for $379,900 and sold for $344,900 on August 20, 2020 with $1,500 in seller paid closing costs. The property features hardwood flooring throughout, a fireplace, a deck and sprinkler system. Property B is located at 1220 Smith Street and is approximately.5 miles from the home at 125 Main Street. This home is 1,025 square feet and features 2 bedrooms, 1.5 bathrooms and an updated kitchen with granite counters. The backyard is privacy fenced with a patio. The property has a 2 car carport. The home was listed for $319,900 and sold for $324,900 on March 3, 2020. Based on what you have learned in class, select either Property A or Property B to use as a comparable