Question: A comparable property sold recently for $158,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3%

A comparable property sold recently for $158,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3% Physical Characteristics: +$12,500 Financing Terms: -$2,000 Conditions of Sale: none Property Rights Conveyed: none Use: none Non-Realty Components: -$3,000 Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable? hint: the order of adjustments matters!

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Problem 7-8AA (Algo) Merchandising: Preparation of a complete master budget LO P4 Dimsdale Sports, a merchandising company, reports the following balance sheet at December 31 DINSDALE SPORTS COMPANY...

1. You have been asked to estimate the value of a home for sale. The subject property has three bedrooms, two bathrooms, and is in good condition. A highly comparable property just sold near the...

Question 9 (1 point) A comparable property sold recently for $154,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3%...

A comparable property sold recently for $150,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3% Physical...

Question 11 (1 point) A comparable property sold recently for $159,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3%...

A comparable property sold recently for $150,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3% Physical...

Please show work:) A comparable property sold recently for $170,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3%...

A comparable property sold recently for $157,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3% Physical...

A comparable property sold recently for $153,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -1% Market Conditions: +3% Physical...

Question 9 (1 point) A comparable property sold recently for $150,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -5% Market Conditions: +8%...

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...

For a specific business/organization, describe 3 items a manager is "responsible" for BUT does not have complete "control" over-explain your rationale.

Pace Company issued 97 bonds with a face value of $200,000. As a result of the issue: Multiple Choice Assets and liabilities would both increase by $200.000 Assets and liabilities would both increase...

Which expression represents the sixth term in the binomial expansion of ( 5 y + 3 ) ^ { 1 0 } _ { 1 0 } C _ { 5 } ( 5 y ) ^ { 5 } ( 3 ) ^ { 5 } _ { 1 0 } C _ { 6 } ( 5 y ) ^ { 4 } ( 3 ) ^ { 6 } 5 _ {...

Write an algorithm of the following daily Activities. You may follow the given example method to construct your algorithm. Activity: 1. Planting a seed. Activity: 2. Drink your Coffee Example:...

Equipment that cost $600,000 and has accumulated depreciation of $475,000 is exchanged or equipment with a fair value of $240,000 and $60,000 cash is received. The exchange lacked commercial...

The Peridot Company purchased machinery on January 2, 2019, for $880,000. A five-year life was estimated and no residual value was anticipated. Peridot decided to use the straight-line depreciation...

Find the unit step response of the system where its transfer function is defined as s+5 G(s) = 10 (s2+4s+5)(s+2) Sketch the time response of this system roughly.

the differentiation and cost based strategies seek competitive advantage in a broad range of market or industry segments. discuss how the ability of SME's to successfully deploy these strategies is...

2. How can the five-step training process assist in this scenario? Its late Friday afternoon in Thunder Bay, Ontario, and Jeff Hartley, a returning summer student, is looking for-ward to the end of...

3. What are some of the things that an organization can do to adopt an inclusive approach to recruiting?

1. Whatlegal aspects regarding the obvious lack of training in this case will Julie, as HR manager, and the company have to deal with? Its late Friday afternoon in Thunder Bay, Ontario, and Jeff...