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Writing a Reconcilliation Statment. The subject property is one year old home home. Adjusted sale prices of three comparables and net adjustment levels are as
Writing a Reconcilliation Statment.
The subject property is one year old home home. Adjusted sale prices of three comparables and net adjustment levels are as follows: Comp 1: $180,000 (10%) Comp 2 190,000 (9%) Comp 3: 200,000 (30%). A cost approach estimated a lot value of $30,000, a replacement cost new value of $180,000 and straight line depreciation of 0.5% per year.
Write an appraisal reconciliation statement and conclusion of value based on these facts.
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