The subject property is one year old home home. Adjusted sale prices of three comparables and net
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The subject property is one year old home home. Adjusted sale prices of three comparables and net adjustment levels are as follows: C
omp 1: $180,000 (10%)
Comp 2 190,000 (9%)
Comp 3: 200,000 (30%).
A cost approach estimated a lot value of $30,000, a replacement cost new value of $180,000 and straight line depreciation of 0.5% per year.
Write an appraisal reconciliation statement and conclusion of value based on these facts.
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