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Question
In a recent appraisal of a three bedroom home in a good location, the appraiser has analyzed three comparable sales. A summary follows:| Data | Comparable #1 | Comparable #2 | Comparable #3 |
| Price paid | $250,000 | $225,000 | $295,000 |
| Location | Inferior | Equal | Superior |
| Lot size | Larger than subject | Smaller than subject | Smaller than subject |
| Amenities & Condition | Equal to subject | Superior to subject | Superior to subject |
Location difference = $30,000; Lot size difference = $25,000;
Amenities and condition difference = $10,000;
Problem:
Relying upon the comparables and the adjustments indicated, what is the best value conclusion for the subject property?
a. $220,000
b. $240,000
c. $255,000
d. $270,000
Answer
This answer is hidden. It contains 212 characters.
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