Sales comparison approach. Pricing property example.

Sales Comparison Approach Pricing Property Example FINC 4431 Fill out the market analysis worksheet based on the following information. The Subject property is located in Sweetbriar subdivision at 144 Sweetbriar Trail. It is an eight room, one story, wood frame, brick house on a wooded lot. The house has 4 bedrooms, 2 bathrooms and features a bonus room above the two-car garage. The yard is fenced and has a sprinkler system. The house is in good condition at the time of inspection. You find the following four properties in Sugarland subdivision that have sold with in the last six months and are comparable to the subject property. 1) 128 Magnolia Drive: 8 rooms, 3 bedrooms, 2.5 baths with a bonus room above the two-car garage. The brick house is wood frame with a mountain view. The house is in good condition. The yard is not fenced. The house has a sprinkler system. The house was listed for $199,900 and sold for $197,500 in 28 days. 2) 126 Sweetbriar Trail: 8 rooms, 4 bedrooms, 2 baths, wood frame, brick exterior. The house has a 2 car carport. The lot is wooded. The yard is fenced, but there is no sprinkler system. The house is in good condition. The house was listed for $189,900 and sold for $188,000 in 44 days. 3) 244 Southbound Lane: 8 rooms, 3 bedrooms, 2 baths, wood frame, brick exterior. There is a bonus room over the two-car garage. The lot has a mountain view. The house is in good condition. The yard is not fenced, but there is a sprinkler system. The house was listed for $188,500 and sold for $187,500 in 30 days. 4) 228 Magnolia Drive: 8 rooms, 4 bedrooms, 2.5 baths, wood frame, brick exterior. There is a bonus room over the two-car garage. The lot has a lake view. The house is in good condition. The yard is fenced and has a sprinkler system. The house was listed for $208,500 and sold for $208,500 in 14 days. The following adjustments should be made for specific features. Bedroom: $3500 Half bath: $2000 Fenced yard: $3000 Bonus room: $4000 Carport: $3500 Sprinkler System: $2500 Lake view lot: $8000 Mountain view lot: $5000 Bedrooms 2 Bath Fenced Yard Bonus Room Carport Sprinkler System Lake View Mountain View Subject Property 144 Sweetbriar Trail Differences Properties Recently Sold Bedrooms 2 Bath Fenced yard Bonus Room Carport Sprinkler System Lake View Mountain View 128 Magnolia Drive 126 Sweetbriar Trail 244 Southbound Lane 228 Magnolia Drive Bedrooms 12 Bath Fenced Yard Bonus Room Carport Sprinkler System Lake View Mountain View Adjustments Properties Recently Sold 128 Magnolia Drive 126 Sweetbriar Trail 244 Southbound Lane 228 Magnolia Drive 128 Magnolia Drive 126 Sweetbriar Trail 244 Southbound Lane 228 Magnolia Drive Sales Price Adjustments: Bedrooms 1/2 Bath Fenced Yard Bonus Room Carport Sprinkler System Lake View Mountain View Adj. Sales Price Comparables 1 & 2 are weighted at 20%. comparables 3 & 4 are weighted at 30%. What is the market value of the subject property? Sales Comparison Approach Pricing Property Example FINC 4431 Fill out the market analysis worksheet based on the following information. The Subject property is located in Sweetbriar subdivision at 144 Sweetbriar Trail. It is an eight room, one story, wood frame, brick house on a wooded lot. The house has 4 bedrooms, 2 bathrooms and features a bonus room above the two-car garage. The yard is fenced and has a sprinkler system. The house is in good condition at the time of inspection. You find the following four properties in Sugarland subdivision that have sold with in the last six months and are comparable to the subject property. 1) 128 Magnolia Drive: 8 rooms, 3 bedrooms, 2.5 baths with a bonus room above the two-car garage. The brick house is wood frame with a mountain view. The house is in good condition. The yard is not fenced. The house has a sprinkler system. The house was listed for $199,900 and sold for $197,500 in 28 days. 2) 126 Sweetbriar Trail: 8 rooms, 4 bedrooms, 2 baths, wood frame, brick exterior. The house has a 2 car carport. The lot is wooded. The yard is fenced, but there is no sprinkler system. The house is in good condition. The house was listed for $189,900 and sold for $188,000 in 44 days. 3) 244 Southbound Lane: 8 rooms, 3 bedrooms, 2 baths, wood frame, brick exterior. There is a bonus room over the two-car garage. The lot has a mountain view. The house is in good condition. The yard is not fenced, but there is a sprinkler system. The house was listed for $188,500 and sold for $187,500 in 30 days. 4) 228 Magnolia Drive: 8 rooms, 4 bedrooms, 2.5 baths, wood frame, brick exterior. There is a bonus room over the two-car garage. The lot has a lake view. The house is in good condition. The yard is fenced and has a sprinkler system. The house was listed for $208,500 and sold for $208,500 in 14 days. The following adjustments should be made for specific features. Bedroom: $3500 Half bath: $2000 Fenced yard: $3000 Bonus room: $4000 Carport: $3500 Sprinkler System: $2500 Lake view lot: $8000 Mountain view lot: $5000 Bedrooms 2 Bath Fenced Yard Bonus Room Carport Sprinkler System Lake View Mountain View Subject Property 144 Sweetbriar Trail Differences Properties Recently Sold Bedrooms 2 Bath Fenced yard Bonus Room Carport Sprinkler System Lake View Mountain View 128 Magnolia Drive 126 Sweetbriar Trail 244 Southbound Lane 228 Magnolia Drive Bedrooms 12 Bath Fenced Yard Bonus Room Carport Sprinkler System Lake View Mountain View Adjustments Properties Recently Sold 128 Magnolia Drive 126 Sweetbriar Trail 244 Southbound Lane 228 Magnolia Drive 128 Magnolia Drive 126 Sweetbriar Trail 244 Southbound Lane 228 Magnolia Drive Sales Price Adjustments: Bedrooms 1/2 Bath Fenced Yard Bonus Room Carport Sprinkler System Lake View Mountain View Adj. Sales Price Comparables 1 & 2 are weighted at 20%. comparables 3 & 4 are weighted at 30%. What is the market value of the subject property