In appraising a single family home, you find a comparable property which sold a year ago for
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Question:
In appraising a single family home, you find a comparable property which sold a year ago for $400000. You determine from looking at available data that market conditions have improved 4% in the last year. You also determine that the prepertys location in 5% better than the subject property. lastly, you property has a swimming pool, while the comparable property does not, which increases your property's value by $15000. what is the indicated value of your property after making these adjustments?
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