Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

LES COMPARISON ANALYSIS There are There are 12 32 FEATURE Address comparable properties currently offered for sale in the subject neighborhood ranging in price

image text in transcribed

LES COMPARISON ANALYSIS There are There are 12 32 FEATURE Address comparable properties currently offered for sale in the subject neighborhood ranging in price from $ comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $ COMPARABLE SALE # 2 SUBJECT COMPARABLE SALE #1 7 Hokie Huddle Lynchburg, VA 24503 0.50 miles NW 12 Wahoo Way Lynchburg, VA 24503 1.0 miles NW $ $ 300,000 117.05 sq. ft. MLS# 30000, Insp;DOM 135 Public Rec. 1 Liberty Lane Lynchburg, VA 24503 Proximity to Subject Sale Price $ Sale Price/Gross Liv. Area $ Data Source(s) Verification Source(s) VALUE ADJUSTMENTS Sale or Financing Concessions Date of Sale/Time Location Leasehold/Fee Simple Site View Design (Style) Quality of Construction Actual Age Condition Above Grade Room Count Gross Living Area Basement & Finished Rooms Below Grade Functional Utility Heating/Cooling Energy Efficient Items Garage/Carport Porch/Patio/Deck Fireplaces Net Adjustment (Total) Adjusted Sale Price of Comparables 0.00 sq. ft. $ DESCRIPTION N; Res; Fee Simple 20000 sf Residential Dutch Colonial Q3 39 C3 129.46 sq. ft. MLS#20000, Ext Insp;DOM 70 DESCRIPTION ArmLth Conv;0 s04/14;c04/14 N; Res; Fee Simple 1.25 ac Residential Dutch Colonial Q3 40 C3 Baths Total Bdrms 2.1 9 Public Rec. Total Bdrms 8 4 2,416 sq. ft. 1240 sf Basement 806 sf finish Average H.Pump C/Air Storm W/D A/2 Car Garage H.Pump C/Air Storm W/D None ScrPor, Deck, Patio Stps, Patio, Deck 2 fp 2 fp Baths 4 2.2 2,410 sq. ft. 1030 sf Basement 800 sf finish Average X + Net Adj: 3% Gross Adj : 13% 312,000 +(-) $ Adjustment $ $ -14,000 +500 N; Res; Fee Simple 23625 sf Residential Colonial Q3 39 C3 Total Bdrms. Baths 2.1 -1,000 9 4 0 2,563 sq. ft. +2,100 1250 sf Basement 0 819 sf finish Average H.Pump C/Air Storm W/D $ 10,100 DESCRIPTION ArmLth Conv;0 s08/13;c08/13 +15,000 A/2 Car Garage +7,500 Stp, Patio, Dck, Shd 2 fp 322,100 + X Net Adj: -1% Gross Adj: 4% $ +(-) $ Adjustment $ 239,900 to $ 225,000 to $ -2,350 297,650 0 O $ 324,900 348,000 COMPARABLE SALE # 3 25 Coast Guard Court Lynchburg, VA 24503 0.75 miles NW $ 337,000 121.88 sq. ft. MLS#40000, Ext Insp;DOM 98 Public Rec. DESCRIPTION ArmLth Conv;0 s12/13;c11/13 N; Res; Fee Simple 20000 sf Q3 34 C3 Total Bdrms. Baths O 8 4 2,765 0 1350 sf Basement 2.1 sq. ft. -7,350 O 624 sf finish Average H.Pump C/Air Storm W/D None +5,000 Stps, Scr Por, Deck 1 fp Residential Colonial +X Net Adj: 0% Gross Adj: 12% +(-) $ Adjustment $ $ O -2,500 O -17,450 -1,100 +3,640 -910 +15,000 O +1,500 336,090

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

Step: 3

blur-text-image

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

Real Estate Principles A Value Approach

Authors: David C Ling, Wayne Archer

5th edition

77836367, 978-0077836368

More Books

Students also viewed these Accounting questions

Question

How do I feel just before I give in to my bad habit?

Answered: 1 week ago