How would this be filled out? with an explanation.

Using the Sales Comparison Approach This assignment utilizes the Sales Comparison Approach to determine the current Market Value of a Single Family 1 unit Residential property. You are a Residential Real Estate Agent preparing to go on a Listing Appointment to the Homeowner to list their property for Sale. Part of the preparation for this appointment is to determine the suggested listing price you will recommend to position the property on the Market at a fair Market Value. The goal is to price the property within reasonable expectation of what would be the eventual Appraised value. This assignment will use some of the basic key aspects to compare the properties. Appraisers will use other factors as well when doing their adjustment work but we will keep things simple for this assignment. You will be provided the information for the Subject Property and also 3 comparable properties that have recently sold in the local immediate area. You will use the information provided from the 3 comparable properties to determine the estimated value range of the Subject Property, and then from that range select a suggested sales price for the Subject. Instructions: Step 1: Review the Subject Property main characteristics and the 3 Sold Comparable main characteristics: Subject Property Comp #1 Comp #2 Comp #3 Address: 14261 Point Reyes 14320 Santa Lucia 14330 Caryn Cr 14179 Mendocino Sales Price TBD $519,000 $482,000 $530,000 Gross Living Area Sqft 2,455 2,390 2,580 2,290 Bedroom Count 4 3 3 4 Bathroom Count 3 2 2.5 2.5 Heatinngooling Central Central None Central Kitchen Condition UPDATED UPDATED AVERAGE REMODELED Bathroom Cond UPDATED AVERAGE AVERAGE UPDATED Garage spaces 3 3 2 3 Interior features AVERAGE AVERAGE BELOW AVERAGE REMODELED Pool YES YES N0 N0 Step 2: Determine dollar adjustments to the Comparable Sale price amounts based on variances in key features using the table below. Remember is a feature of the comparable is worse or less than Subject then you ADD the adjustment dollars to the sales price and if the features is better or greater then Subject then you SUBTRACI' the adjustment dollars to the sales price, If the feature is the same between properties than N0 adjustment is made. Use plus or minus signs to keep track if you are adding or subtracting an adjustment value Gross Living Area (GLA): IF GlA VARIANCE of Como to Sub'ect is greater than 100 sgft of Sub'ect only then take the variance amount and multiple that amount by $50 per sgft. Example: Subject GLA: 1,0005qft, Comparable GLA: 1,2005qft. Variance = 200 5th X 550 = $10,000 adjustment to price (subtracted because Camp GLA was greater than Subject). IF GLA = 1,0005ft and Comparable is 1,100 soft then N0 adjustmentis made! Bedroom Count: Each Bedroom variant to Subject is a $5,000 adjustment. (Ex. Sub 3aed vs Camp zaed is an adjustment +$s,oao) Bathroom Count: Each Bathroom variant to Subject is a $5,000 adjustment, $2,500 adjustment for half bath, Kitchen condition: $10,000 adjustment between each quality step: (Below Average, Average, Updated, Remodeled). (Ex. Fram Average to Remodeled = $20,000 adjustment). Overall Bathroom conditlon: $5,000 adjustment between each quality step: (Below Average, Average, Updated, Remodeled]. Heating/Cooling: $5,000 adj vs None for Central Air, $1,000 adj vs None for Wall/Window AC, Central vs Wall/Window AC = $4,000. Garage spaces: Each Garage space variant to Subject is a $5,000 adjustment. Interior features: $3,000 adjustment between each quality step: (Below Average, Average, Updated, Remodeled). Pool: $20,000 adjustment [having pool vs not having pool). Dollar Adjustments w, 5) Comp #1 Comp #2 Comp #3 Gross Living Area Bedroom Count Bathroom Count Kitchen condition Overall Bathroom Cond Heating/Cooling Type Garage spaces Interior features Pool Total Dollar Adjustment (+ or $): $ $ 5 Original Sales Price: $519,000 $482,000 $530,000 Adjusted Sales Price: $ 5 $ Step 3: Fill in the adjusted sales prices from Step 2 for the Comparable properties and determine the adjusted price range the Subject Property would fall within. Sub'ect Property Comp #1 Comp #2 Comp #3 Adjusted Sales Price: N/A $ 3 5 Adjusted Sales Price Range from $ to 5 Step 4-: From the Adjusted Sales Price Range, select a nal suggested listing price. which of the 3 Comparable properties most influenced you on the final price decision? Then explain why in the Justification for Subject Listing Price section. This is you explaining what you will say to the Homeowner as justification of listing at that price. Your explanation should be more than a simple sentence. Recommended Subject Listing Price = $ Comparable Property most similar to Subject Property is = Justication for Subject Listing Price =