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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 single-family house in the Al-Muruj neighborhood of Riyadh. Comparable Sale 1: A villa in Al-Muruj, similar in size but lacking a modern kitchen, sold for SAR 2,700,000 four months ago. Comparable Sale 2: A villa with an enhanced garden space in the Al-Olaya neighborhood, equivalent in all other aspects to the subject, sold for SAR 2,800,000 seven months ago. Comparable Sale 3: In Al-Muruj, a very recently renovated villa of the same age and size sold for SAR 2,900,000 two months ago. According to your market research, the average monthly appreciation rate is 0.9%. A modern kitchen is usually accounted for with an increase of SAR 120,000, and an enhanced garden space is approximately SAR 80,000 in value. Adjust for age using SAR 9,000 for every year and for size at SAR 2,500 per square meter. Subject Property Details: - Location: Al-Muruj - Age: 10 years - Size: 500 square meters - Amenities: Standard, with modern kitchen.

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