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You are appraising a property located not adjacent to a high speed freeway. Total area of the property is 2 , 8 0 0 s

You are appraising a property located not adjacent to a high speed freeway. Total area of the property is 2,800sq.ft. Information on four comparable sales:
(1) A year ago a 2,400 sq. ft. property not adjacent to freeway sold for $210,000.
(2) A 2,800 sq. ft. property sold this year for $200,000. It is located adjacent to the freeway.
(3) A year ago a 2,400 sq. ft. property adjacent to freeway sold for $195,000.
(4) A 2,800 sq. ft. property adjacent to the freeway sold a year ago for $220,000.
What is the value of the adjustment factor for location and what is the estimated market value of the property under consideration?
Negative 25,000 for location; estimated market value of $215,000.
Positive 15,000 for location; estimated market value of $205,000.
Positive 15,000 for location; estimated market value of $215,000.
Negative 15,000 for location; estimated market value of $205,000.
Positive 25,000 for location; estimated market value of $215,000.
Negative 15,000 for location; estimated market value of $215,000.
Positive 20,000 for location; estimated market value of $190,000.
Negative 20,000 for location; estimated market value of $190,000.
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