4. You are estimating the market value of a subject townhome for sale today. One year...
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4. You are estimating the market value of a subject townhome for sale today. One year ago a comparable townhome of the same model across the street sold for $272,811. Six months ago the comparable townhome added on a sunroom to the back of the townhome which cost $26,350. Your subject townhome just completed the construction of the same sunroom today. Asset prices have risen by 4% over the past year. What is the estimated value of the subject townhome today? 4. You are estimating the market value of a subject townhome for sale today. One year ago a comparable townhome of the same model across the street sold for $272,811. Six months ago the comparable townhome added on a sunroom to the back of the townhome which cost $26,350. Your subject townhome just completed the construction of the same sunroom today. Asset prices have risen by 4% over the past year. What is the estimated value of the subject townhome today?
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To estimate the value of the subject townhome we can adjust the price of the comparable townhome bas... View the full answer
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date:
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