Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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?
- 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 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started