Given the following information, determine the final appraisal value of the subject property. LABEL ALL ADJUSTMENTS AND SHOW YOUR CALCULATIONS.

	Adjustments
Market conditions	-0.30% (per month)
Lot size	$18,000 (per acre)
Effective age (years)	$1,600 (per year)
Living area (sq. ft)	$57.00 (per sq. ft.)
Bath	$1,600 (per bath)
Bedrooms	$2,200 (per bedroom)

	Subject Property	Comparable Property
Time sold	Today	3 months ago
Lot size (acres)	0.93	0.72
Effective age (years)	3	6
Living area (sq. ft)	2,315	2,169
Bath	3.5	2.5
Bedrooms	5	4
Sale price	-	$235,000