Question
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 ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
Students also viewed these Finance questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App