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D. Using the Sales Comparison Approach to Value please adjust the Comps value using the following data: I suggest you re-read the CH 9
D. Using the Sales Comparison Approach to Value please adjust the Comps value using the following data: I suggest you re-read the CH 9 Lecture Notes before you start this problem. The subject property (the one you are appraising) is a medium quality, 25 year old, 3 bedroom Single Family Residence with a two car garage. The appraiser has identified a comparable property to be used in his opinion of value. It has the same square footage and room count in the same neighborhood that is a recent sale. How would the appraiser adjust the Comparable property making the following cost adjustments per the appraisers Opinion? Adjustments to be made as per appraiser's Opinion: Location Difference per appraisers opinion $10,000 (+ or -) Lot Size Difference Overall Condition Difference Comparable Property Data: $15,000 (+ or -) $ 5,000 (+ or -) Price Paid for Comparable Property Location Lot Size Nicer location than subject property Smaller than subject property Overall Condition Better than subject property What is the Adjusted Price?(Adjust the Price Paid) Enter Amount of each Adjustment below. (You must decide if you add or subtract the amount of the adjustment) (3.5 points each) $500,000
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