Using the following information and provided price list, make adjustments below where appropriate and determine an indicated value for the subject property.You are completing the analysis as of today's date.Consistent with the standard sales comparison approach methodology, you will be selecting three comparable properties for your analysis.Assume your 3 comps will have equal weights in this approach (meaning it is acceptable to use an average for reconciliation in this case).

II.Property Information

The subject property is located at 7027 Woodrow Dr. in the Ridgewood Hills Subdivision.It is a two-story home, located on a 0.18 acre lot and was built in 1999. Total square footage is 2,780. The upper level is 679 square feet, the main floor is 1298 square feet and the home has an 804 square foot basement that is unfinished.The property has 3 bedrooms, 2.5 bathrooms, a three-car attached garage, one fireplace, brand new slab granite counters. wood floors, a trex deck, sprinkler system, storage shed and fenced yard.The property is listed for $369,900.Properties in the area have appreciated approximately 2% over the past year.

You have identified the following four properties as possible comparables- based on the information provided in lecture on comparable selection criteria, choose the three "best" comps for use in your analysis.

Property #1 627 Kim Drive

This home is located at 627 Kim Drive in the Ridgewood Hills Subdivision, approximately 0.2 miles from the subject.It is a two-story home, located on a 0.16 acre lot and was built in 2002.The upper level is 815 square feet, the main floor is 1297 square feet and the home has a 767 square foot basement that is unfinished.The property has 4 bedrooms, 2.5 bathrooms, a two car attached garage, one fireplace, wood floors, a trex deck, sprinkler system, and fenced yard.The property sold March 22, 2019 for $345,400.

Property #2 6715 Hancock

This property is in the Ridgewood Hills Subdivision and is approximately 0.1 miles from the subject.The home was listed for $379,000 and sold on February 4, 2019 for $381,500 (Sales Price includes Seller paid closing costs in the amount of $6,000). The two story home, built in 2004 has 4 bedrooms, 2.5 bathrooms on the main and upper floors and a bath in the finished basement.This home features hardwood floors, granite counters, a basement wet bar, a backyard patio with built-in fire pit and fenced backyard.Square footage is as follows: main floor- 1058 square feet, upper level-1000 square feet and basement-- 900 square feet.3 car attached garage, one fireplace, and 0.15 acre lot.

Property #3 426 Peyton Drive

Located in the Shenandoah Subdivision, approximately 0.25 from subject, featuring two-stories, five bedrooms, two full bathrooms, one bathroom and one bath.The home has a finished basement, brand new carpet on the upper level, and Pergo hardwood flooring in the living room, kitchen and dining.As well as brand new stainless appliances in the kitchen (included in the sale), a fireplace, fenced, sprinkler system, shed and stamped concrete patio. The house was built in 2003 and lot size is 0.12 acres.Total square footage is 2,856.Main level square feet is 1316, upper level square footage is 788 and basement square footage is 752.Three car attached garage.This home was listed for $393,000 and sold for $382,000 on February 10, 2019.

Property #4 607 Flagler Rd

This property is in the Ridgewood Hills Subdivision and is approximately 0.2 miles from the subject.The home was listed and sold for $399,500 on November 30, 2018 (Sales Price includes Seller paid closing costs in the amount of $6,000). The two story home, built in 1999 has 4 bedrooms, 2 full bathrooms, 1 bathroom and one bathroom and a fully finished basement.This home features wood floors, granite counters, a backyard patio with built-in fire pit and fenced backyard.Square footage is as follows: main floor- 1505 square feet, upper level-1020 square feet and basement-- 1105 square feet.3 car attached garage, one fireplace, 0.12 acre lot.Sale included kitchen appliances.

Price List

Item

Price

Fireplace*

$2,500

Granite countertops

$5,000

Kitchen appliances

$2,000

Hardwood Flooring

$8,000

Pergo Flooring

$4,000

New carpet (per level)

$3,000

6 foot privacy fence

$4,000

Patio

$1,000

Stamped concrete patio

$1,700

Trex deck

$6,000

Storage Shed

$2,000

Wet bar

$1,000

Sprinkler System

$3,000

Bedroom

$5,000

Bathroom- half

$1,500

Bathroom- 3/4

$2,500

Bathroom- full

$4,000

Finished Basement (100%)

$20,000

Garage Space (Attached)

$7,500

Garage Space (Detached)

$4,000