Question: A comparable property sold recently for $250,000. The comparable contained an estimated $3,000 in non-reality items. In addition, the appraiser estimates that market values (conditions)

A comparable property sold recently for $250,000. The comparable contained an estimated $3,000 in non-reality items. In addition, the appraiser estimates that market values (conditions) have increased a total of 2 percent since the sale of the comparable. What is the adjusted price of the comparable if the dollar adjustment for non-reality items is made before the market conditions adjustment? What is the adjusted price of the comparable if the percentage adjustment for market conditions is made before the adjustment for non-reality items?

Step by Step Solution

★★★★★

3.35 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Adjusted price of the comparable if the dollar adjustment for nonreality items is made bef... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (2 attachments)

1468_605aea4c78a7c_665380.pdf

180 KBs PDF File

1468_605aea4c78a7c_665380.docx

120 KBs Word File

Students Have Also Explored These Related Real Estate Principles Questions!

1. On March 1, 2022, Crane Company accepted a two-month, 10%, $9,000 note from Bulldozer, Inc.. in settlement of its open account. The note is due April 30, 2022. Crane appropriately accrued the...

How should Bob value the duplex apartment building? The other two brothers have agreed that they will accept whatever decision he makes. Bob Mark is the executor of his parents estate that is being...

You are an analyst with Perception Partners and have been asked to make pricing recommendations regarding the acquisition of Rose Garden Apartments. This project was built five years ago and contains...

Data for five comparable income properties that sold recently are shown below: What is the indicated overall rate (R O )? Property NOI Sale Price Overall Rate $ 57,800 S 566,600 496,900 630,000...

A comparable property sold recently for $300,000. The comparable contained an estimated $5,000 in non-reality items. In addition. the appraiser estimates that market values (conditions) have...

Just number 14 188 Part 3 Market Valuation and Appraisal physical. and locational characteristics. You theref decided to exclude the other four transactions from the comparable set. 13. A comparable...

A comparable property sold recently for $250,000. The comparable contained an estimated $3,000 in nonrealty items. In addition, the appraiser estimates that market values (conditions) have increased...

for 1552474 Lic48000040179 S ZI PER 31 Uniform Residential Appraisal Report The purpose s summary appraisal report is to provide the lender der with an and d y sporiadanion of the market value of the...

People Angus Cartwright IV was an investment advisor based in Arlington, Virginia, the home of many members of the DeRight family. In September 2013 his attention focused on the needs of two cousins...

Need stakeholder analysis, swot analysis and pestle analysis for the below case study- Bella Beverages Inc. 1 Bella Beverages Inc. Overview Bella Beverages Inc. (BB) is a Canadian company traded on...

A global equity manager is assigned to select stocks from a universe of large stocks throughout the world. The manager will be evaluated by comparing her returns to the return on the MSCI World...

Prepare a 10-column worksheet The business has the following opening balances: Cash At Bank Account Receivable Motor Vehicle Account Payable Bank Loan (due 2022) Medical Equipment Office Supplies...

To what extent do you believe the exit of America from the TPP gave an impetus to the establishment of the RCEP, given that 7 of the 11 members of the CPTPP are also now members of the RCEP?

=+a. Begin with an isoquant graph that contains the isoquant corresponding to x* and indicate on it the cost-minimizing input bundle as A. What region in the graph encompasses all possible production...

Describe the information normally found in a profit and loss statement; in an operating statement?

What is a pro forma statement?

What is an audited statement and who can prepare one?

Suppose that the market can be described by the following three sources of systematic risk with associated risk premiums. The return on a particular stock is generated according to the following...

BID OR ASK! SHARES PRICE Bid 500 $32.50 Bid 300 $3250 Bid 400 $3256 Bid 1,000 $32.60 Bid 400 $32.64 Bid 1,200 $32.64 $32.68 300 Bid 400 $32.78 Ask $32.80 1,000 Ask $32.84 300 Ask $32.84 400 Ask $3288...

Book Co. has 1.8 million shares of common equity with a par (book) value of $1.10, retained earnings of $28.4 million, and its shares have a market value of $50.07 per share. It also has debt with a...