A multitenant retail building recently sold for $1,400,000. During the time it was offered for sale,...

 

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A multitenant retail building recently sold for $1,400,000. During the time it was offered for sale, it was common knowledge that the building needed a new roof. Shortly after the transaction closed, the buyer secured a roofing bit of $150,000, check references, had a roofing contractor, negotiated the rent forgiveness of $1,200 for one tenant who would be inconvenienced by the job, supervise the job and processed payment to the roofer. The property managers contract calls for an 8% charge for supervising capital expenditures. Considering the required adjustment to the sale for expenditures made after purchase, what is the adjusted sales price? Round to the nearest $1,000. An industrial building has an eave height of 30 feet. Market rent for this building is the same as rent being paid for industrial buildings with a standard eave height of 20 feet. In the cost approach analysis, the estimated total functional obsolescence is $40,000 because of the subject property's excess eave height. (This includes $30,000 for the depreciated reproduction cost of the excess eave height and $10,000 for the added cost of ownership.) Two of the comparable sales have eave heights of 30 feet while the remaining sales have eave heights of 20 feet. What is the adjustment to be made to the comparable sales for a difference in eave height? An appraiser has analyzed five office sale. Their sales prices and overall comparison with the subject property are shown below: Sale 1 Sale 2 Sale 3 Sale 4 Sale 5 $500,000 Overall inferior to the subject property $600,000 Overall superior to the subject property $550,000 Overall inferior to the subject property $625,000 Overall superior to the subject property $650,000 Overall superior to the subject property What is the most probable range of value for the subject property? Given the following chart what is the monthly adjustment for market condition? Sale Price $324,000 $330,000 $334,000 $315,000 Sale No. 1 2 3 4 Date of Sale 8 months ago 5 months ago 3 months ago 5 months ago Using the chart from # 12, what is the appropriate adjustment for location? Location Good Good Good Average A multitenant retail building recently sold for $1,400,000. During the time it was offered for sale, it was common knowledge that the building needed a new roof. Shortly after the transaction closed, the buyer secured a roofing bit of $150,000, check references, had a roofing contractor, negotiated the rent forgiveness of $1,200 for one tenant who would be inconvenienced by the job, supervise the job and processed payment to the roofer. The property managers contract calls for an 8% charge for supervising capital expenditures. Considering the required adjustment to the sale for expenditures made after purchase, what is the adjusted sales price? Round to the nearest $1,000. An industrial building has an eave height of 30 feet. Market rent for this building is the same as rent being paid for industrial buildings with a standard eave height of 20 feet. In the cost approach analysis, the estimated total functional obsolescence is $40,000 because of the subject property's excess eave height. (This includes $30,000 for the depreciated reproduction cost of the excess eave height and $10,000 for the added cost of ownership.) Two of the comparable sales have eave heights of 30 feet while the remaining sales have eave heights of 20 feet. What is the adjustment to be made to the comparable sales for a difference in eave height? An appraiser has analyzed five office sale. Their sales prices and overall comparison with the subject property are shown below: Sale 1 Sale 2 Sale 3 Sale 4 Sale 5 $500,000 Overall inferior to the subject property $600,000 Overall superior to the subject property $550,000 Overall inferior to the subject property $625,000 Overall superior to the subject property $650,000 Overall superior to the subject property What is the most probable range of value for the subject property? Given the following chart what is the monthly adjustment for market condition? Sale Price $324,000 $330,000 $334,000 $315,000 Sale No. 1 2 3 4 Date of Sale 8 months ago 5 months ago 3 months ago 5 months ago Using the chart from # 12, what is the appropriate adjustment for location? Location Good Good Good Average

Answer rating: 100% (QA)

1 Adjusted Sales Price The adjusted sales price considers the roofing expenditure and the property m... View the full answer