Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are appraising a property located adjacent to a high speed freeway. Total area of the property is 2,400 sq. ft. Information on four comparable

You are appraising a property located adjacent to a high speed freeway. Total area of the property is 2,400 sq. ft. Information on four comparable sales:


(1) A year ago a 2,400 sq. ft. property not adjacent to freeway sold for $195,000.

(2) A 2,800 sq. ft. property sold this year for $215,000. It is located adjacent to the freeway.

(3) A year ago a 2,800 sq. ft. property not adjacent to freeway sold for $220,000.

(4) A 2,800 sq. ft. property adjacent to the freeway sold a year ago for $200,000.


What are the values of the adjustment factors for location, for time and for size?

Step by Step Solution

3.53 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

To determine the adjustment factors for location time and size we need to analyze the differences in property values based on the information provided ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Estate Principles A Value Approach

Authors: David C Ling, Wayne Archer

5th edition

77836367, 978-0077836368

More Books

Students also viewed these Finance questions

Question

Describe the reasons why clinical psychologists perform research.

Answered: 1 week ago

Question

List three clienteles for subprime home mortgage loans.

Answered: 1 week ago