Question: Question 3 (1 point) A comparable property sold six months ago for $160,000. The adjustments for the various elements of comparison have been calculated as
Question 3 (1 point) A comparable property sold six months ago for $160,000. The adjustments for the various elements of comparison have been calculated as follows: Location: +$1,500 Physical characteristics: +10 percent Financing terms: +$3,500 Conditions of sale: 0 Property rights conveyed: -4 percent Use: None Nonrealty items: -$1,000 Market conditions: -2 percent Making the adjustments in the order suggested in Exhibit 7-6, what is the comparable's final adjusted sale price? a) $159,097.12 Ob) $159,655.00 Oc) $169,445.92 d) $170,003.80
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