Rank the six homes described below as potential comparables for the subject property. (The best comp will be ranked number 1.) Construct a comparison chart to evaluate the information given. You can hand-draw a table/chart or use Word to make a table. Explain your decision-making process. What criteria did you use for ranking certain properties higher or lower, and why?

        Subject Property

        Home located in Lost Creek neighborhood, in a cul de sac. 10 years old, ranch style, well-maintained wood frame. Lot size 80 × 200. The home has 7 rooms, 3 bedrooms, 2 bathrooms. 2,000 square feet, attached 2-car garage, no basement. Both the exterior and the interior are in good condition, and the yard is nicely landscaped.

        Property A

        Home located in Lost Creek neighborhood, near the entrance to the subdivision. 12 years old, ranch style, wood frame. Lot size 70 × 200. 7 rooms, 3 bedrooms, 2 bathrooms. 1,700 square feet, detached 2-car garage, no basement. Exterior and interior in good condition. Sold one month ago for $415,000, in a foreclosure sale.

        Property B

        Home located in Lost Creek neighborhood, on quiet street. 8 years old, ranch style, well-maintained wood frame. Lot size 100 × 175. 8 rooms, 3 bedrooms, 3 bathrooms. 2,200 square feet, attached 2-car garage, no basement. Exterior and interior are in good condition. Currently listed for $495,000.

        Property C

        Home located in Lost Creek neighborhood, on busy street. 10 years old, ranch style, well-maintained wood frame. Lot size 80 × 200. 7 rooms, 3 bedrooms, 2 bathrooms. 1,900 square feet, attached 2-car garage, no basement. Sold two months ago for $455,000, with standard financing.

        Property D

        Home located in Barton neighborhood, on quiet street. 8 years old, ranch style, wood frame. Lot size 80 × 200. 7 rooms, 3 bedrooms, 2 bathrooms. 1,950 square feet, attached 2-car garage, no basement. Exterior and interior in good condition. Sold four weeks ago for $465,000, with standard financing.

        Property E

        Home located in Lost Creek neighborhood, in cul de sac. 9 years old, ranch style, well-maintained wood frame, with brick exterior on front and sides. Lot size 100 × 200. 8 rooms, 3 bedrooms, 3 bathrooms. 2,400 square feet, attached 2-car garage. No basement, but pool and patio in backyard. Exterior and interior in good condition. Sold two months ago for $480,000, with standard financing.

        Property F

        Home located in Lost Creek neighborhood. 10 years old, ranch style, well-maintained wood frame. Lot size 70 × 200. 7 rooms, 3 bedrooms, 2 bathrooms. 1,900 square feet, detached 2-car garage, no basement. Listing expired two weeks ago. Asking price was $469,500.

Answer rating: 100% (QA)

the best property out of the 6 is property E It is larger in lost creek neighborhood with good condi... View the full answer