Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 5 (1 point) The subject property has 2 bedrooms and 2 bathrooms. It sits on a corner lot. A comparable sale is located very
Question 5 (1 point) The subject property has 2 bedrooms and 2 bathrooms. It sits on a corner lot. A comparable sale is located very near the subject and recently sold for $330,000. It has 3 bedrooms and 2 bathrooms. It sits on a standard lot and has a back deck. In this area, bedrooms are worth $10,700; bathrooms are $8,000; decks are $3,000. Corner lots are highly valued in this area and are worth $10,000. What is the indicated value of the subject based on the comparable sale? Enter your answer below as a raw number, without any punctuation or decimals. You will have a chance to show your work in the follow-up question. Hint: Make a list of each comparable component (bedrooms, bathrooms, type of lot, decks) and then decide which require an adjustment and if they should be positive or negative. Your Answer: Answer Question 6 (3 points) Show your work on the previous question: How did you calculate value of the subject property? Question 5 (1 point) The subject property has 2 bedrooms and 2 bathrooms. It sits on a corner lot. A comparable sale is located very near the subject and recently sold for $330,000. It has 3 bedrooms and 2 bathrooms. It sits on a standard lot and has a back deck. In this area, bedrooms are worth $10,700; bathrooms are $8,000; decks are $3,000. Corner lots are highly valued in this area and are worth $10,000. What is the indicated value of the subject based on the comparable sale? Enter your answer below as a raw number, without any punctuation or decimals. You will have a chance to show your work in the follow-up question. Hint: Make a list of each comparable component (bedrooms, bathrooms, type of lot, decks) and then decide which require an adjustment and if they should be positive or negative. Your Answer: Answer Question 6 (3 points) Show your work on the previous question: How did you calculate value of the subject property
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started