Question: Given the following information, answer questions 1 through 7. Round your answer to the nearest dollar. Adjustments Market conditions -0.31% (per month) Lot size $34,863

Given the following information, answer questions 1 through 7. Round your answer to the nearest dollar.
Adjustments
Market conditions -0.31% (per month)
Lot size $34,863 (per acre)
Effective age (years) $1,891 (per year)
Living area (sq. ft) $38.00 (per sq. ft.)
Bath $1,382 (per bath)
Bedrooms $2,934 (per bedroom)
Subject Property Comparable Property
Time sold Today 11 months ago
Lot size (acres) 1.35 1.71
Effective age (years) 5 9
Living area (sq. ft) 2,196 1,571
Bath 4 3
Bedrooms 4 4
Sale price ??? $275,920

Flag this Question

Question 11 pts

Calculate the Time Adjustment (enter a positve number for an upward adjustment, a negative one for a downward adjustment).

Flag this Question

Question 21 pts

Calculate the Lot Size Adjustment (enter a positve number for an upward adjustment, a negative one for a downward adjustment).

Flag this Question

Question 31 pts

Calculate the Effective Age Adjustment (enter a positve number for an upward adjustment, a negative one for a downward adjustment).

Flag this Question

Question 41 pts

Calculate the Living Area Adjustment (enter a positve number for an upward adjustment, a negative one for a downward adjustment).

Flag this Question

Question 51 pts

Calculate the Bathroom Adjustment (enter a positve number for an upward adjustment, a negative one for a downward adjustment).

Flag this Question

Question 61 pts

Calculate the Bedroom Adjustment (enter a positve number for an upward adjustment, a negative one for a downward adjustment).

Flag this Question

Question 71 pts

Calculate the adjusted price of comparable property

Flag this Question

Question 87 pts

Given the following information, determine the final appraisal value of the subject property. Round your answer to the nearest dollar.
Adjustments
Market conditions -0.20% (per month)
Lot size $30,929 (per acre)
Effective age (years) $1,965 (per year)
Living area (sq. ft) $49.00 (per sq. ft.)
Bath $1,102 (per bath)
Bedrooms $2,937 (per bedroom)
Subject Property Comparable Property
Time sold Today 11 months ago
Lot size (acres) 2.16 0.71
Effective age (years) 9 9
Living area (sq. ft) 2,514 1,541
Bath 3.5 3.5
Bedrooms 5 6
Sale price ??? $288,776

Flag this Question

Question 97 pts

Given the following information, determine the final appraisal value of the subject property. Round your answer to the nearest dollar.
Adjustments
Market conditions 0.06% (per month)
Lot size $36,070 (per acre)
Effective age (years) $1,332 (per year)
Living area (sq. ft) $51.00 (per sq. ft.)
Bath $1,585 (per bath)
Bedrooms $2,925 (per bedroom)
Subject Property Comparable Property
Time sold Today 8 months ago
Lot size (acres) 1.79 0.4
Effective age (years) 7 3
Living area (sq. ft) 2,462 1,638
Bath 3 4
Bedrooms 3 3
Sale price ??? $357,531

Flag this Question

Question 107 pts

Given the following information, determine the final appraisal value of the subject property. Round your answers to the nearest dollar.
Adjustments
Market conditions 0.65% (per month)
Lot size $36,923 (per acre)
Effective age (years) $1,832 (per year)
Living area (sq. ft) $42.00 (per sq. ft.)
Bath $1,139 (per bath)
Bedrooms $3,149 (per bedroom)
Subject Property Comparable Property
Time sold Today 18 months ago
Lot size (acres) 0.5 0.4
Effective age (years) 7 4
Living area (sq. ft) 2,355 2,952
Bath 4 3
Bedrooms 3 6
Sale price ??? $323,773

Flag this Question

Question 117 pts

Given the following information, determine the final appraisal value of the subject property. Round your answer to the nearest dollar.
Adjustments
Market conditions 0.39% (per month)
Lot size $30,608 (per acre)
Effective age (years) $2,039 (per year)
Living area (sq. ft) $38.00 (per sq. ft.)
Bath $1,257 (per bath)
Bedrooms $3,127 (per bedroom)
Subject Property Comparable Property
Time sold Today 9 months ago
Lot size (acres) 2.33 1.62
Effective age (years) 4 11
Living area (sq. ft) 2,336 1,825
Bath 3 4
Bedrooms 4 4
Sale price ??? $342,311

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!