Actual: In addition, the following information is available for three comparable properties. Subject Elements of Comparison Sale price of comparable Comp Sale 1 $245,800 Comp Sale 2 $279,040 Comp Sale 3 $220,900 Transaction characteristics Property rights conveyed Financing terms Conditions of sale Expenditures immed, after purchase Market conditions Fee simple Conventional Arm's length Same Same Same None This month Same Same Same None Same Same Samc None Today 6 mos, ago 12 mos. ago Property characteristics Parkway Estates Same Same Same Location Physical characteristics Site/lot size Construction quality Effective age Living area Number of baths Garage spaces Porch, patio, deck Fence, pool, etc. Economic characteristics Use Nonrealty components 0.30 acres Siding/brick 5 years 2,290 sq. ft. 3.0 baths 2-car 350 sq. ft. Pool N.A. Single-family None 0.30 acres Siding/brick 4 years 2,140 sq. ft. 2.5 baths 2-car None Pool 0.41 acres Brick 3 years 2,349 sq. ft. 4.0 baths 2-car 250 sq.ft None NA Same None 0.2 acres Siding 8 years 1,970 sq. ft. 3.0 baths 2-car None Pool N.A. Same None N.A. Same None Actual Project Assumptions . For the sales comparison approach, the analysis relies on the following set of assumptions: Market conditions: 0.1 percent per month (values have increased in neighborhood). Lot size: $150,000 per acre. Construction quality: All brick is $7,000 more than all siding ($3,500 more than brick front); brick front is $3,500 more than all siding ($3,500 less than all brick). Effective age: $2,000 per year. Living area: $70.00 per square foot. Porch, patio, deck area: $21.00 per square foot. Pool area: $9,000. Bath: $5,000 per full bath. In addition, the following assumptions are needed to complete the sales approach with the Actual set of assumptions: Comparable Sale 1, weighting: 50% Comparable Sale 2, weighting: 30% Comparable Sale 3, weighting: 20% For the cost approach, the appraisal relies on the following set of assumptions: Living area, estimated cost of reproduction: $95.00 per sq. ft. Garage, estimated cost of reproduction: $9,100. Appliances, estimated cost of reproduction: $3,800. Physical depreciation: 8% of total improvement costs. Functional obsolescence: None. External obsolescence: None. Site value, estimated: $52,000. Landscaping and other miscellaneous site improvements, current value: $6,000. Comp Subject Comp Sale 1 $169,900 Comp Sale 2 $167,200 Sale 3 $157,100 Sale price of comparable Transaction characteristics Property rights conveyed Financing terms Conditions of sale Expenditures immed, after purchase Market conditions Fee simple Conventional Arm's length Same Same Same None This month Same Same Same None Same Same Same None Today 3 mos. ago 4 mos. ago Parkway Estates Same Same Same 0.45 acres Property characteristics Location Physical characteristics: Site/lot size Construction quality Effective age Living area Number of baths Garage spaces Porch, patio, deck Fence, pool, etc. Economic characteristics Use Nonrealty components 0.50 acres Siding 3 years 1,960 sq. ft. 2.5 baths 2-car None None N.A. Single-family None 0.50 acres Siding/brick 6 years 2,060 sq. ft. 2.5 baths 2-car None Siding 10 years 2,077 sq. ft. 2.5 baths 2-car None Pool N.A. Same None 0.48 acres Brick 15 years 1,818 sq. ft. 3.0 baths 2-car 200 sq. ft. Pool N.A. Same None None N.A. Same None Comp Sale 1 Comp Sale 2 Comp Sale 3 Subject Elements of Comparison Sale price of comparable Fee simple 0 0 0 Conventional 0 0 0 0 Transaction adjustments Adj, for property rights conveyed Adjusted price Adj. for financing terms Adjusted price Adj, for conditions of sale Adjusted price Adj, for expenditures immed, after purchase Adjusted price Adjustment for market conditions Adiutod nrion Arm's length 0 0 0 0 0 0 Today 0 0 0 . Comp Sale 1 Comp Sale 2 Elements of Comparison Sale price of comparable Comp Sale 3 Subject Fee simple 0 0 0 Conventional 0 0 0 Transaction adjustments Adj. for property rights conveyed Adjusted price Adj. for financing terms Adjusted price Adj. for conditions of sale Adjusted price Adj. for expenditures immed, after purchase Adjusted price Adjustment for market conditions Adjusted price Arm's length 0 0 0 0 0 0 Today 0 0 0 Suburban 0 0 0 0 0 0 0 0 0 0 0 0 0.50 acres Siding 3 years 1,960 sq. ft. 2.5 baths 2-car None None Property Adjustments for Location Physical characteristics: Site/lot size Construction quality Effective age Living area Number of baths Garage spaces Porch, patio, deck Fence, pool, etc. Total adj. for physical characteristics Economic characteristics Use Nonrealty components Final adjusted sale price 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Single-family None 0 0 0 Final Adjusted Sale Price Weight (%) Weighted Price Source Comparable Sale 1 Comparable Sale 2 Comparable Sale 3 Actual: In addition, the following information is available for three comparable properties. Subject Elements of Comparison Sale price of comparable Comp Sale 1 $245,800 Comp Sale 2 $279,040 Comp Sale 3 $220,900 Transaction characteristics Property rights conveyed Financing terms Conditions of sale Expenditures immed, after purchase Market conditions Fee simple Conventional Arm's length Same Same Same None This month Same Same Same None Same Same Samc None Today 6 mos, ago 12 mos. ago Property characteristics Parkway Estates Same Same Same Location Physical characteristics Site/lot size Construction quality Effective age Living area Number of baths Garage spaces Porch, patio, deck Fence, pool, etc. Economic characteristics Use Nonrealty components 0.30 acres Siding/brick 5 years 2,290 sq. ft. 3.0 baths 2-car 350 sq. ft. Pool N.A. Single-family None 0.30 acres Siding/brick 4 years 2,140 sq. ft. 2.5 baths 2-car None Pool 0.41 acres Brick 3 years 2,349 sq. ft. 4.0 baths 2-car 250 sq.ft None NA Same None 0.2 acres Siding 8 years 1,970 sq. ft. 3.0 baths 2-car None Pool N.A. Same None N.A. Same None Actual Project Assumptions . For the sales comparison approach, the analysis relies on the following set of assumptions: Market conditions: 0.1 percent per month (values have increased in neighborhood). Lot size: $150,000 per acre. Construction quality: All brick is $7,000 more than all siding ($3,500 more than brick front); brick front is $3,500 more than all siding ($3,500 less than all brick). Effective age: $2,000 per year. Living area: $70.00 per square foot. Porch, patio, deck area: $21.00 per square foot. Pool area: $9,000. Bath: $5,000 per full bath. In addition, the following assumptions are needed to complete the sales approach with the Actual set of assumptions: Comparable Sale 1, weighting: 50% Comparable Sale 2, weighting: 30% Comparable Sale 3, weighting: 20% For the cost approach, the appraisal relies on the following set of assumptions: Living area, estimated cost of reproduction: $95.00 per sq. ft. Garage, estimated cost of reproduction: $9,100. Appliances, estimated cost of reproduction: $3,800. Physical depreciation: 8% of total improvement costs. Functional obsolescence: None. External obsolescence: None. Site value, estimated: $52,000. Landscaping and other miscellaneous site improvements, current value: $6,000. Comp Subject Comp Sale 1 $169,900 Comp Sale 2 $167,200 Sale 3 $157,100 Sale price of comparable Transaction characteristics Property rights conveyed Financing terms Conditions of sale Expenditures immed, after purchase Market conditions Fee simple Conventional Arm's length Same Same Same None This month Same Same Same None Same Same Same None Today 3 mos. ago 4 mos. ago Parkway Estates Same Same Same 0.45 acres Property characteristics Location Physical characteristics: Site/lot size Construction quality Effective age Living area Number of baths Garage spaces Porch, patio, deck Fence, pool, etc. Economic characteristics Use Nonrealty components 0.50 acres Siding 3 years 1,960 sq. ft. 2.5 baths 2-car None None N.A. Single-family None 0.50 acres Siding/brick 6 years 2,060 sq. ft. 2.5 baths 2-car None Siding 10 years 2,077 sq. ft. 2.5 baths 2-car None Pool N.A. Same None 0.48 acres Brick 15 years 1,818 sq. ft. 3.0 baths 2-car 200 sq. ft. Pool N.A. Same None None N.A. Same None Comp Sale 1 Comp Sale 2 Comp Sale 3 Subject Elements of Comparison Sale price of comparable Fee simple 0 0 0 Conventional 0 0 0 0 Transaction adjustments Adj, for property rights conveyed Adjusted price Adj. for financing terms Adjusted price Adj, for conditions of sale Adjusted price Adj, for expenditures immed, after purchase Adjusted price Adjustment for market conditions Adiutod nrion Arm's length 0 0 0 0 0 0 Today 0 0 0 . Comp Sale 1 Comp Sale 2 Elements of Comparison Sale price of comparable Comp Sale 3 Subject Fee simple 0 0 0 Conventional 0 0 0 Transaction adjustments Adj. for property rights conveyed Adjusted price Adj. for financing terms Adjusted price Adj. for conditions of sale Adjusted price Adj. for expenditures immed, after purchase Adjusted price Adjustment for market conditions Adjusted price Arm's length 0 0 0 0 0 0 Today 0 0 0 Suburban 0 0 0 0 0 0 0 0 0 0 0 0 0.50 acres Siding 3 years 1,960 sq. ft. 2.5 baths 2-car None None Property Adjustments for Location Physical characteristics: Site/lot size Construction quality Effective age Living area Number of baths Garage spaces Porch, patio, deck Fence, pool, etc. Total adj. for physical characteristics Economic characteristics Use Nonrealty components Final adjusted sale price 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Single-family None 0 0 0 Final Adjusted Sale Price Weight (%) Weighted Price Source Comparable Sale 1 Comparable Sale 2 Comparable Sale 3