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Given the following information, what adjustment would need to be made to account for each of the differences between the Subject Property and Comparable Property?

  1. Given the following information, what adjustment would need to be made to account for each of the differences between the Subject Property and Comparable Property? What is the indicated value?
Adjustments
Market Conditions 1 % (per month)
Lot Size $20,000 (per acre)
Effective Age (Years) $2,500 (per year)
Living Area (Sq. Ft) $30.00 (per sq. ft.)
Bath $2,000 (per bath)
Bedrooms $4,000 (per bedroom)

Subject Property Comparable Property
Time Sold Today 4 Months Ago
Lot Size (Acres) 0.6 0.5
Effective Age (Years) 6 6
Living Area (Sq. Ft) 2000 1900
Bath 3.5 3.5
Bedrooms 4 4
Sale Price $280,520 $287,000

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