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Sales Comparison Approach: Market Data Grid Elements of Comparison Subject Comparable Sale #3 Site size 0.6 acres 0.52 acres Construction quality Brick Siding Effective age

Sales Comparison Approach: Market Data Grid

Elements of Comparison

Subject

Comparable Sale #3

Site size

0.6 acres

0.52 acres

Construction quality

Brick

Siding

Effective age

5 yrs

10 yrs

Living area

2,000 sq. ft.

2,080 sq. ft.

Number of baths

2

2.5

Pool

Pool

None

Amounts of the adjustment for each item: Lot size: $100,000 per acre; Construction quality: brick is the best quality, $4,000 adjustment if all siding; Age: $1,500 per year; Living area: $50 per square foot; Bath: $5,000; Pool: $10,000.

What are the adjustment factors for site size, age and pool for comparable sale #3?

A.

Negative 8,000 for site size; negative 7,500 for age; positive 10,000 for pool.

B.

Positive 8,000 for site size; positive 7,500 for age; positive 10,000 for pool.

C.

Negative 8,000 for site size; positive 7,500 for age; negative 10,000 for pool.

D.

Positive 8,000 for site size; negative 7,500 for age; positive 10,000 for pool.

E.

Negative 8,000 for site size; negative 7,500 for age; negative 10,000 for pool.

F.

Negative 8,000 for site size; positive 7,500 for age; positive 10,000 for pool.

G.

Positive 8,000 for site size; negative 7,500 for age; negative 10,000 for pool.

H.

Positive 8,000 for site size; positive 7,500 for age; negative 10,000 for pool.

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