Question: Answer : 742,742 Solve it in details. Step by step The asking price of a property is $700,000 and you are given the following information

Answer : 742,742 Solve it in details. Step by step The asking Answer : 742,742

Solve it in details. Step by step

The asking price of a property is $700,000 and you are given the following information for a sales comparable evaluation. Property prices increases at 2.60% per annum (inflation rate) $56 per square foot $22,000 per year reduction for age Two-car garage valued at $42,000 compared to $25,000 for a one-car garage Comer property warrants a 15% premium Swimming pool worth $30,000 considered a good selling point in this neighborhood What is the estimated value of the subject property using the sales comparable approach

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