Question: Assume an appraiser concludes that, based on data and information able to be collected, house prices in a comparable property's neighborhood have increased 15 percent

Assume an appraiser concludes that, based on data and information able to be collected, house prices in a comparable property's neighborhood have increased 15 percent over the last 12 months. If the comparable property sold 10 months ago for $650,000, assuming an arm's-length transaction under normal financing conditions, what is the market-adjusted sale price of the comparable property?

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