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Determine the adjusted sale prices for the comparables below and calculate the estimated market value for a single - family house in the Al -
Determine the adjusted sale prices for the comparables below and calculate the estimated market value for a singlefamily house in the AlMuruj neighborhood of Riyadh. Comparable Sale : A villa in AlMuruj, similar in size but lacking a modern kitchen, sold for SAR four months ago. Comparable Sale : A villa with an enhanced garden space in the AlOlaya neighborhood, equivalent in all other aspects to the subject, sold for SAR seven months ago. Comparable Sale : In AlMuruj, a very recently renovated villa of the same age and size sold for SAR two months ago. According to your market research, the average monthly appreciation rate is A modern kitchen is usually accounted for with an increase of SAR and an enhanced garden space is approximately SAR in value. Adjust for age using SAR for every year and for size at SAR per square meter. Subject Property Details: Location: AlMuruj Age: years Size: square meters Amenities: Standard, with modern kitchen.
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