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You have been asked to appraise a vacant part time farm property. Data on four other recently sold properties in the area are given below. Fill out the appropriate tables so that you can answer the below questions. Price per Acre Sale Number 1 Soils Poor Purchase Price $520,000 $540,000 $1,000,000 $480,000 Size (Acres) 20 20 40 20 Irrigation Water Yes Yes Yes No 2 3 4 $27,000 Good Good Good You have determined that size, soil quality, and irrigation water are the elements of comparison recognized in the market. Develop dollar adjustments in the below tables by using matched pair analysis. Size Adjustment Sale Number Value/Acre Difference for Size $ Soils Adjustment Sale Number Value/Acre Difference for Soils $ Irrigation Water Adjustment Sale Number Value/Acre Difference for Irrigation $ 1 Your subject is a 20-acre parcel with poor quality soils and no irrigation water. Fill in the below tables to determine the indicated value for your subject. Comparable Sales Sale Number Subject 2 3 4 Purchase Price $520,000 $540,000 $1,000,000 $480,000 Acres 20 20 20 40 20 Value/Acre $26,000 Soils Poor Poor Good Good Good Irrigation Water No Yes Yes Yes No Analysis $26,000 20 acres Poor No Value/Acre Size Soils Irrigation Total Net Adjustment Indicated Value/Acre N/A You have been asked to appraise a vacant part time farm property. Data on four other recently sold properties in the area are given below. Fill out the appropriate tables so that you can answer the below questions. Price per Acre Sale Number 1 Soils Poor Purchase Price $520,000 $540,000 $1,000,000 $480,000 Size (Acres) 20 20 40 20 Irrigation Water Yes Yes Yes No 2 3 4 $27,000 Good Good Good You have determined that size, soil quality, and irrigation water are the elements of comparison recognized in the market. Develop dollar adjustments in the below tables by using matched pair analysis. Size Adjustment Sale Number Value/Acre Difference for Size $ Soils Adjustment Sale Number Value/Acre Difference for Soils $ Irrigation Water Adjustment Sale Number Value/Acre Difference for Irrigation $ 1 Your subject is a 20-acre parcel with poor quality soils and no irrigation water. Fill in the below tables to determine the indicated value for your subject. Comparable Sales Sale Number Subject 2 3 4 Purchase Price $520,000 $540,000 $1,000,000 $480,000 Acres 20 20 20 40 20 Value/Acre $26,000 Soils Poor Poor Good Good Good Irrigation Water No Yes Yes Yes No Analysis $26,000 20 acres Poor No Value/Acre Size Soils Irrigation Total Net Adjustment Indicated Value/Acre N/A
