Question: 3. (10 points) Valuation Using the Sales Comparison Approach A comparable property sold 4 months ago for $265,500. The adjustments for the various elements of

3. (10 points) Valuation Using the Sales Comparison Approach A comparable property sold 4 months ago for $265,500. The adjustments for the various elements of comparison have been calculated as follows: Location: +4% Market conditions: +0.2% per month . Physical characteristics: +1,200 . Financing terms: -$2,400 Conditions of sale, Legal characteristics, Use: 0 Nonrealty items: +$5,500 Round your answers to the nearest hundred. a) What is the value of the market conditions adjustment? b) What is the market adjusted sale price? c) What is the value of the location adjustment? d) What is final adjusted sale price for the comparable property? (Hint: follow the sequence of adjustments.)

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