Question: Given the following information: Comparable 1 Comparable 2 Comparable 3 Sales Price $ 96,000 $ 97,500 $ 102,000 $ Adjust $ Adjust $ Adjust Living

Given the following information: Comparable 1 Comparable 2 Comparable 3 Sales Price $ 96,000 $ 97,500 $ 102,000 $ Adjust $ Adjust $ Adjust Living Area $ +700 $ -200 $ -2,100 Lot Area $ +500 $ +800 $ -1,100 a. What is the weight assigned to comparable 1 using the squared value weighting scheme? b. What is the weight assigned to comparable 3 using the absolute value weighting scheme? c. What is the estimated market value of the subject based on the absolute value weighting scheme? 4. (30 percent) A mortgage loan of $240,000 has just been made on a property valued at $300,000. The interest rate is 4.8% with 2 points with a 10 year balloon. Monthly amortization payments are based on a 30 year maturity. The mortgage also carries a 2% prepayment penalty.

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