Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are preparing an appraisal report for a single-family dwelling. A comparable property next door to the subject sold recently for $400,000. The comparable was

You are preparing an appraisal report for a single-family dwelling. A comparable property next door to the subject sold recently for $400,000. The comparable was built 5 years ago and the subject 10. The comparable has 3,400 square feet of living area and the subject has 3,200. Your analysis of the local market determines the following adjustments are typical. What is the adjusted sale price? Attribute Effective age Living area Adjustment $2,000 reduction per year $150 per square foot What is the adjusted sale price? (Input your answer rounded to the nearest whole dollar and without the $ sign, e.g., 1000)
image text in transcribed
You are preparing an appraisal report for a single-family dwelling. A comparable property next door to the subject sold recently for $400,000. The comparable was built 5 years ago and the subject 10. The comparable has 3,400 square feet of living area and the subject has 3,200 . Your analysis of the local market determines the following adjustments are typical. What is the adjusted sale price? What is the adjusted sale price? (Input your answer rounded to the nearest whole dollar and without the \$ sign, e.g., 1000)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Financial Ratio Analysis

Authors: Andrew P.C.

1st Edition

1973493381, 978-1973493389

More Books

Students also viewed these Finance questions

Question

What would you do if the bullies were in your classes?

Answered: 1 week ago

Question

Can workers be trained in ethics? How? Defend your answer.

Answered: 1 week ago