Question
Comp Sales Method- Determine the value for the subject property based upon the comps given. When finished, explain the adjustments in a commentary format to
Comp Sales Method- Determine the value for the subject property based upon the comps given. When finished, explain the adjustments in a commentary format to justify why you adjusted each comparable, and then justify your final opinion of value. You may do this in a cell beneath your final value calculation. The adjustments in the marketplace are as follows based on your knowledge of the market: Greenbelt Lots add $10,000 to the value of a property Pools add $20,000 to the value of a property Make Your Size Adjustments based on 100% of package (The Total Gross $/ft) price for each comp Subject: 3,500 Sqft Greenbelt Lot Pool Comp 1 Sold $366,300 3,700 Sqft Greenbelt Lot Pool Comp 2 Sold $342,000 3,800 Sqft Greenbelt Lot No Pool Comp 3 Sold $294,000 3,000 Sqft Interior Lot Pool Comp 4 Sold $323,000 3,400 Sqft Interior Lot No Pool **Remember to discuss your adjustments and justify why you came up with your final opinion of value. This is not just a calculation problem
Determine the value for the subject property based upon the comps given. When finished, explain the adjustments in a commentary format to justify why you adjusted each comparable, and then justify your final opinion of value. You may do this in a cell beneath your final value calculation. The adjustments in the marketplace are as follows based on your knowledge of the market: - Greenbelt Lots add $10,000 to the value of a property - Pools add $20,000 to the value of a property - Make Your Size Adjustments based on 100% of package (The Total Gross $/ft ) price for each comp Subject: - 3,500 Sqft - Greenbelt Lot - Pool Comp 1 - Sold $366,300 - 3,700 Sqft - Greenbelt Lot - Pool Comp 2 - Sold $342,000 - 3,800 Sqft - Greenbelt LotStep by Step Solution
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