Question: Using the Direct Sales Comparison Approach and the following data calculate the indicated market value for each comparable. (yourmust-shew-achart and be neat forpartial credit Subject

 Using the Direct Sales Comparison Approach and the following data calculate

Using the Direct Sales Comparison Approach and the following data calculate the indicated market value for each comparable. (yourmust-shew-achart and be neat forpartial credit Subject House 2,000 SF, 3 bedrooms, 1 baths, 2 fireplace, 2 -car attached garage Comparable \#1 4-bedroom, 2 bath, 2,200 SF, 1-car attached garage, no central air, Comparable #2 no fireplace, 2 acre lot, Sold for $190,000, condition good 2,100SF,2 acre lot, swimming pool Sold for $175,000, condition good Comparable \#3 Condition average, 1 acre lot, Sold for $165,000,4 bedrooms, 2 bath, 1 car attached garage, no fireplace, central air, 1,900 SF Adjustment Factors for above reconciliation; fireplace $2,000; bedrooms $1,000; one car attached vs. two car attached garage $8,000; size $50 per SF; pool $4,000, bath $8,000; central air $3,000; pool $4,000, an acre of lot $10,000, condition average to good $5,000

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 Accounting Questions!