Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. In using transaction data to determine the current value of the subject property, it is important to recognize that general market conditions may have

. In using transaction data to determine the current value of the subject property, it is important to recognize that general market conditions may have changed since a particular transaction occurred. Property A sold 18 months ago for $235,000 and Property B sold 12 months ago for $215,000. If the two properties are priced today at $239,500 and $222,300, 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 respectively, what is the average monthly rate of increase that can be used to adjust comparable prices for changes in market conditions?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Making Sense Of School Finance

Authors: Clinton Born

1st Edition

1475856652, 978-1475856651

More Books

Students also viewed these Finance questions