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Sales Comparison Approach: Market Data Grid Elements of Comparison Subject Comparable Sale #1 Site size 0.6 acres 0.65 acres Effective age 5 yrs 3 yrs

Sales Comparison Approach: Market Data Grid

Elements of Comparison

Subject

Comparable Sale #1

Site size

0.6 acres

0.65 acres

Effective age

5 yrs

3 yrs

Living area

2,000 sq. ft.

2,040 sq. ft.

Number of baths

2

3

Porch

None

200 sq. ft.

Pool

Pool

None

Amounts of the adjustment for each item: Lot size: $100,000 per acre; Age: $1,500 per year; Living area: $50 per square foot; Bath: $5,000; Porch: $20 per square foot; Pool: $10,000.

What are the adjustment factors for living area, porch and pool for comparable sale #1?

A.

Positive 2,000 for living area; negative 4,000 for porch; positive 10,000 for pool.

B.

Negative 2,000 for living area; negative 4,000 for porch; positive 10,000 for pool.

C.

Positive 2,000 for living area; positive 4,000 for porch; negative 10,000 for pool.

D.

Positive 2,000 for living area; positive 4,000 for porch; positive 10,000 for pool.

E.

Negative 2,000 for living area; negative 4,000 for porch; negative 10,000 for pool.

F.

Negative 2,000 for living area; positive 4,000 for porch; negative 10,000 for pool.

G.

Positive 2,000 for living area; negative 4,000 for porch; negative 10,000 for pool.

H.

Negative 2,000 for living area; positive 4,000 for porch; positive 10,000 for pool.

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