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Given the following information, determine the final appraisal value of the subject property. Ans: $284,120 Adjustments Market conditions .50% (per month) Lot Size $25,000 (per
Given the following information, determine the final appraisal value of the subject property.
Ans: $284,120
Adjustments | |
Market conditions | .50% (per month) |
Lot Size | $25,000 (per acre) |
Effective age (years) | $1,000 (per year) |
Living area (sq. ft) | $45.00 (per sq. ft) |
Bath | $1,250 (per bath) |
Bedroom | $3,000 (per bedroom) |
Subject Property | Comparable Property | |
Time sold | Today | 4 months ago |
Lot size (acres) | 0.83 | 0.80 |
Effective age (years) | 8 | 7 |
Living area (sq, ft) | 2,197 | 2,383 |
Bath | 3.5 | 3.5 |
Bedroom | 4 | 4 |
Sales price | $287,000 |
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