Case Study You are attempting to determine the value of a property at 456 Baltimore Drive using the cost approach. The information provided immediately below will be needed to answer two speoific questions relating to the calculations used in this approach. COMPARABLE SITE SALES You have obtained 3 comparable sales of sites very similar to the subject property at 456 Batimore Drive Sale #1: This vacant lot sold eight months ago for $140,000 t is located one block from the subject property and is physically very simiar to the subject Sale #2 This vacant lot sold one month ago for S 142.000 lt is located two blocks from the subject property and is physically very similar to the subject Sale #3. This vacant lot sold three months ago for $143,000 and is physically very similar to the subject. is located 3 blocks fronm the subject property sie values have increased steadily and evenly a total of 6% over the last year REPLACEMENT COST AND DEPRECIATION INFORMATION The bungalow at 456 Baltimore Drive measures 30 feet by 45 $62 75 per square foot. per square foot to build feet The cost to construct this home today is There is a detached garage which measures 20 feet by 20 feet and costs $36.35 The actual age years. The garage has a remaining economic life of 20 years, is 15 years old and, due to a deteriorating roof, has an effective age of 18 years of the house is 15 years, the effective age is 12 years and the remaining economic life is 40 54 Based on the information provided under cOMPARABLE SITE SALES, what is the adjusted sale price for each of the comparables sites? (answers may be rounded) a b c d The aqusted sale pnces are as follows Sale #1 $145600. Sale #2 $142,710, and Sale #3 $145,145 The adjusted Saie pnces are as follows. Sale #1 $134 400, Sale #2 $141,290 and Sale #3 $140.855 The adjusted sale prices are as follows Sale #1 S 15 1.200. Sale #2: $143,420, and Sale E3 S147290. The adjusted sale prices are as follows Sale #1 $148,400, Sale #2: $150,520, and Sale $151,580