Question: Using the Sales Comparison Approach to Value please adjust the Comps value using the following data: (21 points) The subject property (the one you are
Using the Sales Comparison Approach to Value please adjust the Comps value using the following data: (21 points) The subject property (the one you are appraising) is a medium quality, 25 year old, 3 bedroom Single Family Residence with a single car garage. The appraiser has identified a comparable property to be used in his opinion of value. It has the same square footage and room count and a two car garage, in the same neighborhood that is a recent sale. How would the appraiser adjust the Comparable property making the following cost adjustments per the appraisers Opinion? Adjustments to be made as per appraiser's Opinion: Single car garage $25,000 (+ 04 -) (pick one, plus or minus) Swimming Pool $12,000 (+ or - ) Location Difference $10,000 ( + or - ) Central Heating and Air $ 7,000 (+ or - ) Lot Size Difference $15,000 ( + or - ) Overall Condition Difference $ 5,000 ( + or - ) Comparable Property Data: Enter Amount of each Adjustment below (You must decide if you add or subtract the amount of the adjustment to the.) subject property ales price). (3 points each) Price Paid for Comparable Property $600,000 Garage
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