A comparable property sold 4 months ago for $223,500. The adjustments for the various elements of comparison have been calculated as follows:

• Location: +3 %
• Market conditions: +0.6% per month
• Physical characteristics: +1,500
• Financing terms: -$2,500
• Conditions of sale, Legal characteristics, Use: 0
• Nonrealty items: +$5,200

Round your answers to the nearest hundred and only use numbers (i.e do not include $ or %)

a) What is the normal sale price?

a) $

b) What is the value of the market conditions adjustment?

b) $

c) What is the market adjusted normal sale price?

c) $

d) What is the value of the location adjustment?

d) $

Answer rating: 100% (QA)

Question A The normal price is the price of the comparable proper... View the full answer