You are appraising a property located adjacent to a high speed freeway. Total area of the property is 2,400 sq. ft. Information on four comparable sales:

(1) A year ago a 2,400 sq. ft. property not adjacent to freeway sold for $195,000.

(2) A 2,800 sq. ft. property sold this year for $215,000. It is located adjacent to the freeway.

(3) A year ago a 2,800 sq. ft. property not adjacent to freeway sold for $220,000.

(4) A 2,800 sq. ft. property adjacent to the freeway sold a year ago for $200,000.

What are the values of the adjustment factors for location, for time and for size?

Answer rating: 100% (QA)

To determine the adjustment factors for location time and size we need to analyze the differences in property values based on the information provided ... View the full answer