Sales-Comparison Information

Below is some information gathered to assist you in determining the value of the subject property.

 Sale# Subdivision Age (Years) Size (Sq. Ft.) Sale Month Baths Garage Spaces Sales Price Subject Golden Eagle 9 2200 12 2 2 1 Kuhn's Corner 5 1900 5 1 2 147000 2 Golden Eagle 8 2200 3 1 1 150500 3 Golden Eagle 10 2200 7 2 2 156000 4 Kuhn's Corner 1 2100 6 1 2 176900 5 Kuhn's Corner 5 1900 12 2 1 161100 6 Golden Eagle 8 1900 3 3 2 143800 7 Kuhn's Corner 1 1900 4 1 2 168300 8 Golden Eagle 4 2300 2 3 2 181900 9 Golden Eagle 6 1900 7 1 1 148000 10 Kuhn's Corner 8 1900 7 1 1 141300

Adjustment for Size:  Properties seem to sell for about \$45 per sq. ft.

Adjustment for age:  The properties seem to depreciate in value at about 2% per year uncompounded.  Simply multiply the difference in the number of years by 2% to get the adjustment.

Adjustment for Date of Sale:  .5% per month increase

Remember:  always adjust the comparable sale to reflect what it would have sold for if it was exactly like the subject property!!

The "as of date" for the appraisal is December.

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 Sale# Sales Price Subdivision Age (Years) Size (Sq. Ft.) Sale Month Baths Garage Spaces Adjusted Sales Price 1 147000 2 150500 3 156000 4 176900 5 161100 6 143800 7 168300 8 181900 9 148000 10 141300

The indicated value of the subject property using this approach is:

Name: Project One: Sales Comparison Problem

Instructions:

 Question 1 Multiple Choice (1.0000 points) Question: What is the adjustment for the age difference for comparable 1? -\$14,700.00 -\$11,760.00 -\$13,857.57 \$14,700.00

 Question 2 Multiple Choice (1.0000 points) Question: What is your adjustment for location (subdivision) for comparable #1? 0 +3000 -3000 -6000

 Question 3 Multiple Choice (1.0000 points) Question: What is the proper adjustment for the difference in size of Comparable #1? 0 -13500 13500 85500

 Question 4 Multiple Choice (1.0000 points) Question: What is the adjustment for the number of baths for comparable #1? 0 -2000 -5000 5000

 Question 5 Multiple Choice (1.0000 points) Question: What is the adjustment for the number of garage space for comparable #1? 0 -2000 2000 4000

 Question 6 Multiple Choice (1.0000 points) Question: What is the adjustment for the date of sale for comparable #1? \$3,675.00 \$5,043.62 \$5,145.00 \$5,222.82

 Question 7 Multiple Choice (1.0000 points) Question: What is the indicated adjusted sales price for comparable sale #1? \$155,784 \$155,963 \$164,500 \$168,723

 Question 8 Multiple Choice (3.0000 points) Question: What is the indicated value of the subject property based upon an average of the adjusted sales prices of the comparable properties? (Round your answer to the nearest \$100. \$150,500 \$153,300 \$156,000 \$157,500