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 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
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