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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 an comparable property?
Given the following information, what adjustment would need to be made to account for the living area difference between the subject property an 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 Today 0.83 Time sold Lot size (acres) Effective age (years) Living area (sq. ft) 18 Comparable Property 4 months ago 0.80 17 2.383 3.5 4 $287.000 Bath 2.197 3.5 14 Bedrooms Sale price The price of the comparable property must be adjusted upward by 58,370. The price of the subject property must be adjusted downward by $8,370 O The price of the comparable property must be adjusted downward by $8,370. The price of the subject property must be adjusted upward by 58,370
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