THE CORRECTED ADJUSTMENTS SHOULD BE MARKED ON THE NEXT PAGE:

Check for the $ amount and either plus or minus.

$(20$ pts$.)$

$1.$ If growth in sales prices has been verified in the market at $5\%$ annually over the past two years, what are the correct adjustments in Comparables $1,2,$ and $3$ for time of sale?

$2.$ Assuming the age adjustment to be $$500$ per year and $$500$ for good condition $($as compared to fair$)$ and $$500$ for excellent condition $($as compared to good$),$ what are the correct adjust$$ments in Comparables $1,2,$ and $3$ for age and condition?

$3.$ Assuming the amount of dollar adjustments $($regardless of direction or sign$)$ for square feet living area in Compar$$able $1$ is $$45$ per square foot, what should the dollar adjustments be for Comparables $2$ & $3$ for square feet of living area? What should the direction of the adjustment be for Comparables $1,2,$ and $3?$

$4.$ Assuming the dollar amount of adjustments for above or below standard built ins is $$1,000($as compared to standard$)$ to be correct, what should the dollar amount, sequence, and direction of adjustments be for Comparables $1,2,$ and $3?$

$5.$ Assuming that an additional garage unit adds $$3,000$ to value, what should the dollar amount, sequence and direc$$tion of the adjustments be for Comparables $1,2,$ and $3?$

$6.$ Assuming an adjustment for location of $$2,000$ for good location $($as compared to fair$)$ and $$4,000$ for excellent location $($as compared to fair$)$ what should the adjustments be for location for Comparables $1,2,$ and $3?$

$7.$ What is your final value estimate? Explain how this is derived.

SUBJECT

ITEM PROPERTY SALE $1$ SALE $2$ SALE $3$

Date of Sale Current $6$ mos. $1$ year

Sales Price $$75,000$ $$72,400$ $$71,000$

Age $5$ yrs$.$ New $10$ yrs$.15$ yrs

Condition Good Excellent Good Fair

Living Area $2,000$ sq$.$ ft$.1,900$ sq$.$ ft$.2,200$ sq$.$ ft$.1,950$ sq$.$ ft$.$

Built ins Standard Above Standard Standard Below Standard

Garage $2$ Car $1$ Car $1$ Car $2$ Car

Location Good Excellent Fair Good

Adjusted Price

Final value estimate