Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q12. A comparable property sold six months ago for $250,000. The adjustments for the various elements of comparison have been calculated as follows: Location: Market

Q12. A comparable property sold six months ago for $250,000. The adjustments for the various elements of comparison have been calculated as follows: Location: Market conditions: Physical characteristics: Financing terms: Adjustment for expenditure immediately after purchase: Property rights conveyed: Use: Economic Characteristics Nonrealty items: (-4) percent (+6) percent (+$10,500) (-$2500) (+$ 8,500) 0 None (+3.5) percent (-$3500) 1 Use the sales approach and make the adjustments in the order suggested from sequence of adjustments. What is the comparable's final adjusted sale price? a. $283990 b. $276990 c. 285669.00 d. 278557 e. None of the above
image text in transcribed
Q12. A comparable property sold six months ago for $250,000. The adjustments for the various elements of comparison have been calculated as follows: Use the sales approach and make the adjustments in the order suggested from sequence of adjustments. What is the comparable's final adjusted sale price? a. $283990 b. $276990 c. 285669.00 d. 278557 e. None of the above

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

Financial Sustainability In Public Administration Exploring The Concept Of Financial Health

Authors: Manuel Pedro Rodríguez Bolívar

1st Edition

3319579614, 3319579622, 9783319579610, 9783319579627

More Books

Students also viewed these Finance questions

Question

1. What are the major sources of stress in your life?

Answered: 1 week ago