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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)
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