Question
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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