The first attempt was partially incorrect.

14. You are appraising a subject property with the characteristics listed below. You have found 3 comparable farm sales within 50 miles of the subject. (25 pts) Sale # | Sale | Size |Price/acre Crop | Timber Price Land Land 150 50 Good Curet | |$450,000| 245 $1,836.7| 245 | 0 Avg-mo. Subject 200 Avg 3 mo. 3 $285,000 190 $1,500 120 Good6 mo. After analyzing these sales, you determine that the comparables' land values are Sale 1: Cropland = $ 1,836/a., Timberland SI,363/a. Sale 2: Cropland $ 1,836/a., Timberland $1,363/a. Sale 3: Cropland = $ 1,658/a, Timberland-$1,229/a. You also determine that the size adjustment is-S0.75/a. for each 1% increase in size, the time adjustment is +4.6% per month as old sales are brought up to current, and the location adjustment is+$10/a. for the change from average to good. Use this information to find an estimated price/acre for the subject property. Subject Evaluation Worksheet Sale #2 Sale #3 42 Value of Class I Land in Subject Property Value of Class II Land in Subject Property s Price/Aere Aduaste for Subjet's Landt Composition Adustment for Time Sac D) Austment for Size, Sac Adjustment for Location, Sac Total Adjustments, S/ac Price/Acre Estimate for the Subject Subject Value indication-200 acres @ $ S/acre=$ 53/11