Question
Given the following information, determine the final appraisal value of the subject property. Adjustments Market conditions -0.30% (per month, without compounding) Lot size $65,000 (per
Given the following information, determine the final appraisal value of the subject property.
|
| Adjustments |
| Market conditions | -0.30% (per month, without compounding) |
| Lot size | $65,000 (per acre) |
| Effective age (years) | -$4,000 (per year) |
| Living area (sq. ft) | $250.00 (per sq. ft.) |
| Bath | $10,000 (per bath) |
| Bedrooms | $30,000 (per bedroom) |
|
| Subject Property | Comparable Property |
| Time sold | Today | 4 months ago |
| Lot size (acres) | 0.83 | 0.80 |
| Effective age (years) | 10 | 7 |
| Living area (sq. ft) | 2,296 | 2,380 |
| Bath | 3.5 | 3 |
| Bedrooms | 4 | 4 |
| Sale price | - | $487,000 |
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
