A property comparable to the single-family home you are appraising sold three months ago for $462,000. You have determined that the adjustments required for differences in the comparable and subject property are as follows: Transaction Characteristics Property Rights Conveyed: none Financing Terms: none Conditions of Sale: none Expenditures Immed. After Sale: +$3,000 Market Conditions (monthly, not compounded): +0.5% Property Characteristics Location: +3% Physical Characteristics: -5% Economic Characteristics: none Use: none Non-Realty Components: -$5,000 Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable? Your Answer:

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A property comparable to the single-family home you are appraising sold three months ago for
$462,000. You have determined that the adjustments required for differences in the
comparable and subject property are as follows:
Transaction Characteristics
Property Rights Conveyed: none
Financing Terms: none
Conditions of Sale: none
Expenditures Immed. After Sale: +$3,000
Market Conditions (monthly, not compounded): +0.5%
Property Characteristics
Location: +3%
Physical Characteristics: -5%
Economic Characteristics: none
Use: none
Non-Realty Components: -$5,000
Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final
adjusted sale price of the comparable?
Your Answer:
Transcribed Image Text:A property comparable to the single-family home you are appraising sold three months ago for $462,000. You have determined that the adjustments required for differences in the comparable and subject property are as follows: Transaction Characteristics Property Rights Conveyed: none Financing Terms: none Conditions of Sale: none Expenditures Immed. After Sale: +$3,000 Market Conditions (monthly, not compounded): +0.5% Property Characteristics Location: +3% Physical Characteristics: -5% Economic Characteristics: none Use: none Non-Realty Components: -$5,000 Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable? Your Answer:
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