You have been asked to estimate the value of a home for sale using a nearby comparable sale. The subject property has 2 bedrooms and 2 bathrooms. It sits on a corner lot, but does not have a deck. The comparable sale is located very near the subject and recently sold for $330,000. It has 3 bedrooms and 2 bathrooms. It sits on a standard lot and has a back deck.

In this area, additional bedrooms are worth $4,000; bathrooms are $8,000; decks are $3,000. Corner lots are highly valued in this area and are worth $10,000 more than standard lots.

Based on these assumptions, what is the adjusted price of the comparable sale?

Enter your answer below as a raw number. You will have a chance to show your work in the follow-up question.

Hint: Make a list of each comparable component (bedrooms, bathrooms, type of lot, decks, etc) and then decide which require an adjustment and if they should be positive or negative. Remember that you are only adjusting for comp items that are DIFFERENT from the subject.

Your Answer: