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Given the following information, what adjustment would need to be made to account for the living area difference between the Subject Property and Comparable Property?
Given the following information, what adjustment would need to be made to account for the living area difference between the Subject Property and Comparable Property? Market Conditions Lot Size: Effective Age (Years) Living Area (Sq. Ft) Bath Adjustments -0.50 % (per month) $25,000 (per acre) $1,000 (per year) $45.00 (per sq. ft.) $1,250 (per bath) $3,000 (per bedroom) Bedrooms Comparable Property Time Sold Subject Property Today 0.83 4 Months Ago 0.80 Lot Size (Acres) Effective Age (Years) 8 7 7 2,197 2,383 Living Area (Sq. Ft) Bath 3.5 3.5 4 Bedrooms 4 Sale Price $287,000 The price of the comparable property must be adjusted upward by $8,370. The price of the subject property must be adjusted upward by $8,370. The price of the subject property must be adjusted downward by $8,370. The price of the comparable property must be adjusted downward by $8,370. Multiple Choice
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