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Calculate the adjusted price of comparable property: Given the following information, determine the final appraisal value of the subject property. Use the Simple Interest method
Calculate the adjusted price of comparable property:
Given the following information, determine the final appraisal value of the subject property. Use the "Simple Interest" method of finding the market adjustment. Adjustments Market conditions Lot size Effective age (years) Living area (sq. ft) Bath Bedrooms 0.10% (per month) $20,852 (per acre) $1,523 (per year) $39.00 (per sq. ft.) $1,727 (per bath) $2,777 (per bedroom) TimesoldLotsize(acres)Effectiveage(years)Livingarea(sq.ft)BathBedroomsSalepriceSubjectPropertyToday2.0432,26335???ComparableProperty4monthsago0.85113,07544$362,544Step by Step Solution
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