Sales comparison approach: 20 points (0.5 point each for the first 36 blanks and 2 points for the last one) Assume that the house to be appraised is a 2,400 square foot, 5-year old, and single-family tract home located two blocks from the beach. Prices have been increasing at 1% a month. The appraiser has selected comparable properties that are equal in most of their transactional and physical characteristics. The differences are shown on the chart below where the value or sales price for the subject property can be determined. Please provide the indicated value in a range using both the quantitative and qualitative methods. Round your answers to the nearest .01. Elements/Units Comparable 1 Comparable 2 Comparable 3 Comparable 4 Comparable 5 Comparable 6 Subject Sales Price $218,450.00 $195,230.00 $230,580.00 $176,445.00 $244,156.00 $181,424.00 Adjustments Adjustments Adjustments Adjustments Adjustments Adjustments Sale Date 08/01/2009 11/01/2009 03/01/2010 03/01/2010 08/01/2009 11/01/2009 06/01/2010 Distance to Beach in Blocks in miles 1 3 3.5 2.5 1 3 2 Number of Swimming Pools 1 2 2.5 2.5 2 2 1 Built in 1956 1960 1980 1980 1956 1952 1972 View Some Fine Fine None Some Fine better than some but inferior to fine Net Adjustments Indicated Value