Derive an appraised value using the comparable approach for the following subject property based on the following information.

	Subject Property	Comparable I	Comparable II	Comparable III
Sales Price		$250,000	$275,000	$220,000
Time of Sale		6 months	7 months	18 months
Design	Traditional	Traditional	Modern	Traditional
Parking	2-Car Carport	2-Car Garage	2-Car Garage	1-Car Garage
Location	Interior Lot	Corner Lot	Corner Lot	Interior Lot
Drainage	Good	Below Average	Good	Good
Bedrooms	3	4	3	2
Bath	2	2	2	2
Construction	Average	Average	Average	Below Average

Observations:

1. Demand in the market has increased significantly, and an adjustment for sales over 12 months old in the amount of $5000 is necessary.

2. Properties with drainage issues sell for $1600 less.

3. Corner lots demand a premium in the amount of $2500

4. Modern design homes demand a premium in the amount of $2500

5. 4 bedroom homes demand a premium in the amount of $3000

6. 2 bedroom homes sell at a discount in the amount of $2000

7. 1-car garage or 2-car carport will cause the home to sell at a discount in the amount of $1200

8. Inferior construction quality will cause the home to sell at a discount in the amount of $4000