12. You are interested in buying a single-family residence located at 3789 Golden Hill Street, Nanaimo....

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12. You are interested in buying a single-family residence located at 3789 Golden Hill Street, Nanaimo. The market data grid has been completed for you reference as follows: (M4) Comp 1 Comp 2 Comp 3 $625,000- Arm's length Conventionale 3 months ago Heather Park 0.6 acree Wood sidinge 5 yrs. 3900 sq ft Transaction price Conditions of sale Financing terms Sale dates Location Site size Construction quality Elements of Comparison Age Living area Number of bath Garage spaces Sun deck Pool Legal characteristics Use/Zoning Non-realty items 2 Arm's lengthe Conventional Today Heather Parke 0.5 acre Wood sidinge 4 yrs. 3850 sq ft 3 24 0² 04 له Subject Property Fee simple Single-family 0 2 Age: $2,500 per year • Living area: $160 per square foot • Bath: $12,000 each Elements of Comparison 4 3+ 200 sq ft Pool Fee simple Single-family Garage space: $6,000 for each additional car space • Sun deck: S80 per square foot Build-in appliances Subject Property $580,000€ Friend to friende Conventional 6 months ago Heather Park 0.45 acre Brick sidinge 7 yrs. 3950 sq ft 2.5 24 0 04 The amount of the adjustment for each item had been estimated by your agent and is shown in the list below: Fee simple Single-family • A friend-to-friend transaction implies $8,000 discount, based on a comment from the agent.< • Market conditions: 0.4% per month • Lot size: $100,000 per acre • Construction quality: No adjustment for wood siding: $6,000 if brick siding (better quality than wood) Special facility for disability Comp 1 $599,000€ Arm's lengthe Conventionale 6 months ago Heather Park 0.5 acre Brick sidinge 4 yrs. 3800 sq ft • Pool: $15,000+ • Non-realty items: $5,000 additional for build-in appliances; $2,000 for disability facility; and $2,000 for Oak bookshelves 42 3 Apply the information above and complete the following adjustment and reconciliation tables. < Adjustment table: 300 sq ft 0 Fee simple Single-family Oak bookshelves Comp 2 Comp 3 Transaction price +/- Conditions of sales +/- Financing terms - Normal sale price +/- Market condition =Market-adjusted normal sale price +/- Location< +/- Site size Reconciliation: ( Source P +/- Construction quality +/- Age +/- Living area +/- Bathe +/- Garage +/- Sun deck +/- Pool+ +/- Legal Characteristics +/- Use/Zoning+ +/- Non-realty items = Final adjustment sale P price¹ Comp 1¹ Comp 24 Comp 3 J P 2 2 2 J 7. 7. 7. 7 7. Final Adjusted Sale Price 7 tt t 7 77 t t t Weights 40% 30% ܒ%30 Indicated Value of the Subject Project → 7. 7 7 7. 7. 2 2 2 2 2 2 2 2 2 2 Weighted Price 12. You are interested in buying a single-family residence located at 3789 Golden Hill Street, Nanaimo. The market data grid has been completed for you reference as follows: (M4) Comp 1 Comp 2 Comp 3 $625,000- Arm's length Conventionale 3 months ago Heather Park 0.6 acree Wood sidinge 5 yrs. 3900 sq ft Transaction price Conditions of sale Financing terms Sale dates Location Site size Construction quality Elements of Comparison Age Living area Number of bath Garage spaces Sun deck Pool Legal characteristics Use/Zoning Non-realty items 2 Arm's lengthe Conventional Today Heather Parke 0.5 acre Wood sidinge 4 yrs. 3850 sq ft 3 24 0² 04 له Subject Property Fee simple Single-family 0 2 Age: $2,500 per year • Living area: $160 per square foot • Bath: $12,000 each Elements of Comparison 4 3+ 200 sq ft Pool Fee simple Single-family Garage space: $6,000 for each additional car space • Sun deck: S80 per square foot Build-in appliances Subject Property $580,000€ Friend to friende Conventional 6 months ago Heather Park 0.45 acre Brick sidinge 7 yrs. 3950 sq ft 2.5 24 0 04 The amount of the adjustment for each item had been estimated by your agent and is shown in the list below: Fee simple Single-family • A friend-to-friend transaction implies $8,000 discount, based on a comment from the agent.< • Market conditions: 0.4% per month • Lot size: $100,000 per acre • Construction quality: No adjustment for wood siding: $6,000 if brick siding (better quality than wood) Special facility for disability Comp 1 $599,000€ Arm's lengthe Conventionale 6 months ago Heather Park 0.5 acre Brick sidinge 4 yrs. 3800 sq ft • Pool: $15,000+ • Non-realty items: $5,000 additional for build-in appliances; $2,000 for disability facility; and $2,000 for Oak bookshelves 42 3 Apply the information above and complete the following adjustment and reconciliation tables. < Adjustment table: 300 sq ft 0 Fee simple Single-family Oak bookshelves Comp 2 Comp 3 Transaction price +/- Conditions of sales +/- Financing terms - Normal sale price +/- Market condition =Market-adjusted normal sale price +/- Location< +/- Site size Reconciliation: ( Source P +/- Construction quality +/- Age +/- Living area +/- Bathe +/- Garage +/- Sun deck +/- Pool+ +/- Legal Characteristics +/- Use/Zoning+ +/- Non-realty items = Final adjustment sale P price¹ Comp 1¹ Comp 24 Comp 3 J P 2 2 2 J 7. 7. 7. 7 7. Final Adjusted Sale Price 7 tt t 7 77 t t t Weights 40% 30% ܒ%30 Indicated Value of the Subject Project → 7. 7 7 7. 7. 2 2 2 2 2 2 2 2 2 2 Weighted Price

Answer rating: 100% (QA)

Based on the provided information we will compute the adjustments for each comparison Comp 1 Comp 2 Comp 3 and reconcile them to estimate the value of the subject property using the provided weights L... View the full answer