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The following table presents information on six sales that an appraiser considers comparable to the single- family residence being appraised. (Hint: Choose a pair to
The following table presents information on six sales that an appraiser considers comparable to the single- family residence being appraised. (Hint: Choose a pair to determine the appropriate dollar adjustment) Market Data Grid for Comparison of Data Subject Sale 1 Sale 2 Sale 3 S ale 4 Sale 5 Sale 6 Price $75,000 $74,000 $70,000 $80,000 $82,000 $79,000 Date Sold Current Current 1 yr old Current 1 yr old Current Current Size in sq.ft. 2,000 2,000 2.000 1.500 2.000 2.000 1.500 Location | Similar Similar Similar Superior Similar Superior Age | 5 yrs. 5 yrs. 5 yrs. 5 yrs. 5 yrs. New 5 yrs. Basement Yes No No No No Yes Yes 22. The appropriate dollar adjustment for the market conditions (or "time") variable is a. $5,000 b. $3,000 c. $2,000 d. $1,000 e. $4,000 23. The appropriate dollar adjustment for the size variable is a. $3,000 b. $5,000 c. $4,000 d. $10,000 e. $1,000 24. The appropriate dollar adjustment for the location variable is a. $5,000 b. $2,000 c. $3,000 d. $10,000 e. $6,000 25. The appropriate dollar adjustment for the basement is a. $3,000 b. $9,000 c. $4,000 d. $2,000 e. $1,000 26. The appropriate dollar adjustment for the age is a. $2,000 b. $4,000 c. $7,000 d. $3,000 e. $5,000 27. The indicated value of the subject property is a. $78,000 b. $75,000 c. $74,000 d. $79,000 e. $77,000
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