Question
Bai Wright just purchased a 2,000 SF three bedroom, two bath ranch home in good condition with a 2-car garage. Since he had a 50%
Bai Wright just purchased a 2,000 SF three bedroom, two bath ranch home in good condition with a 2-car garage. Since he had a 50% down payment, Bais lender orders a drive-by appraisal of the subject property. Ima Racer, a certified residential appraiser and nationally acclaimed race car driver from Racer Appraisal Service, conducts a 180 mph fast drive-by of the subject property with same day service. The market data derived by Ima from paired data analysis reflect the following adjustments: $35,000 for Lake View $25,000 for Good vs. Average condition $15, 000 for full Bath $40 per square foot for Gross Living Area $10,000 for one car Garage $10,000 for Pool Fill in the blanks of the grid below including line item adjustments, adjusted sales price, net and gross adjustments and their percentages, and indicate your final value conclusion:
$395,000 |
$415,000 |
$420,000 |
$445,000 |
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