THE CORRECTED ADJUSTMENTS SHOULD BE MARKED ON THE NEXT PAGE:<\/p>\n
Check for the $ amount and either plus or minus.<\/p>\n
(20 pts.)<\/p>\n
1. If growth in sales prices has been verified in the market at 5% annually over the past two years, what are the correct adjustments in Comparables 1, 2, and 3 for time of sale?<\/p>\n
2. Assuming the age adjustment to be $500 per year and $500 for good condition (as compared to fair) and $500 for excellent condition (as compared to good), what are the correct adjustments in Comparables 1, 2, and 3 for age and condition? <\/p>\n
3. Assuming the amount of dollar adjustments (regardless of direction or sign) for square feet living area in Comparable 1 is $45 per square foot, what should the dollar adjustments be for Comparables 2 & 3 for square feet of living area? What should the direction of the adjustment be for Comparables 1, 2, and 3? <\/p>\n
4. Assuming the dollar amount of adjustments for above or below standard builtins is $1,000 (as compared to standard) to be correct, what should the dollar amount, sequence, and direction of adjustments be for Comparables 1, 2, and 3?<\/p>\n
5. Assuming that an additional garage unit adds $3,000 to value, what should the dollar amount, sequence and direction of the adjustments be for Comparables 1, 2, and 3? <\/p>\n
6. Assuming an adjustment for location of $2,000 for good location (as compared to fair) and $4,000 for excellent location (as compared to fair) what should the adjustments be for location for Comparables 1, 2, and 3? <\/p>\n
7. What is your final value estimate? Explain how this is derived.<\/p>\n
SUBJECT<\/p>\n
ITEM PROPERTY SALE 1 SALE 2 SALE 3<\/p>\n
Date of Sale Current 6 mos. 1 year <\/p>\n
Sales Price $75,000 $72,400 $71,000<\/p>\n
Age 5 yrs. New 10 yrs. 15 yrs<\/p>\n
Condition Good Excellent Good Fair <\/p>\n
Living Area 2,000 sq. ft. 1,900 sq. ft. 2,200 sq. ft. 1,950 sq. ft.<\/p>\n
Builtins Standard Above Standard Standard Below Standard <\/p>\n
Garage 2Car 1Car 1Car 2Car <\/p>\n
Location Good Excellent Fair Good <\/p>\n
Adjusted Price<\/p>\n
Final value estimate<\/p>\n","protected":false},"excerpt":{"rendered":"
THE CORRECTED ADJUSTMENTS SHOULD BE MARKED ON THE NEXT PAGE: Check for the $ amount and either plus or minus. (20 pts.) 1. If growth in sales prices has been verified in the market at 5% annually over the past two years, what are the correct adjustments in Comparables 1, 2, and 3 for time […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10],"class_list":["post-78077","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-writing"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/78077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=78077"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/78077\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=78077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=78077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=78077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}