Question
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?
| Adjustments | |
| Market conditions | -0.50% (per month) |
| Lot size | $25,000 (per acre) |
| Effective age (years) | $1,000 (per year) |
| Living area (sq. ft) | $45.00 (per sq. ft.) |
| Bath | $1,250 (per bath) |
| Bedrooms | $3,000 (per bedroom) |
| Subject Property | Comparable Property | |
| Time sold | Today | 4 months ago |
| Lot size (acres) | 0.83 | 0.80 |
| Effective age (years) | 8 | 7 |
| Living area (sq. ft) | 2,197 | 2.383 |
| Bath | 3.5 | 3.5 |
| Bedrooms | 4 | 4 |
| Sale price | - | $287,000 |
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Financial and managerial accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st edition
111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114
