Given the following information, what adjustment would need to be made to account for the lot size difference between the Subject Property and Comparable Property? Market Conditions Lot Size Effective Age (Years) Living Area (Sq. Ft) Bath Bedrooms Time Sold Lot Size (Acres) Effective Age (Years) Living Area (Sq. Ft) Bath Bedrooms Sale Price. Multiple Choice Adjustments -0.50% (per month) $25,000 (per acre) $1,000 (per year). $45.00 (per sq. ft.) $1,250 (per bath) $3,000 (per bedroom) Subject Property Today 0.83 8 2,197 3.5 4 Comparable Property 4 Months Ago 0.80 7 2,383 3.5 4 $287,000
Given the following information, what adjustment would need to be made to account for the lot size difference between the Subject Property and Comparable Property? Market Conditions Lot Size Effective Age (Years) Living Area (Sq. Ft) Bath Bedrooms Time Sold Lot Size (Acres) Effective Age (Years) Living Area (Sq. Ft) Bath Bedrooms Sale Price. Multiple Choice Adjustments -0.50% (per month) $25,000 (per acre) $1,000 (per year). $45.00 (per sq. ft.) $1,250 (per bath) $3,000 (per bedroom) Subject Property Today 0.83 8 2,197 3.5 4 Comparable Property 4 Months Ago 0.80 7 2,383 3.5 4 $287,000
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
am. 105.
![Given the following information, what adjustment would need to be made to account for the lot size difference between the Subject Property and Comparable
Property?
Market Conditions
Lot Size
Effective Age (Years)
Living Area (Sq. Ft)
Bath
Bedrooms
Time Sold
Lot Size (Acres)
Effective Age (Years)
Living Area (Sq. Ft)
Bath
Bedrooms
Sale Price.
Multiple Choice
Adjustments
-0.50% (per month)
$25,000 (per acre)
$1,000 (per year).
$45.00 (per sq. ft.)
$1,250 (per bath)
$3,000 (per bedroom)
Subject Property
Today
0.83
8
2,197
3.5
4
Comparable Property
4 Months Ago
0.80
7
2,383
3.5
4
$287,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F49227ecc-4fc4-423c-8835-2cf01747b78c%2F3d9bc52b-9c2b-49a4-b2c8-078a4df6499f%2Fcywneaq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Given the following information, what adjustment would need to be made to account for the lot size difference between the Subject Property and Comparable
Property?
Market Conditions
Lot Size
Effective Age (Years)
Living Area (Sq. Ft)
Bath
Bedrooms
Time Sold
Lot Size (Acres)
Effective Age (Years)
Living Area (Sq. Ft)
Bath
Bedrooms
Sale Price.
Multiple Choice
Adjustments
-0.50% (per month)
$25,000 (per acre)
$1,000 (per year).
$45.00 (per sq. ft.)
$1,250 (per bath)
$3,000 (per bedroom)
Subject Property
Today
0.83
8
2,197
3.5
4
Comparable Property
4 Months Ago
0.80
7
2,383
3.5
4
$287,000
![Bath
Bedrooms
Sale Price
Multiple Choice
3.5
4
2,383
3.5
4
$287,000
The price of the subject property must be adjusted upward by $750.
The price of the subject property must be adjusted downward by $750.
The price of the comparable property must be adjusted upward by $750.
The price of the comparable property must be adjusted downward by $750](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F49227ecc-4fc4-423c-8835-2cf01747b78c%2F3d9bc52b-9c2b-49a4-b2c8-078a4df6499f%2Fxb423gm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bath
Bedrooms
Sale Price
Multiple Choice
3.5
4
2,383
3.5
4
$287,000
The price of the subject property must be adjusted upward by $750.
The price of the subject property must be adjusted downward by $750.
The price of the comparable property must be adjusted upward by $750.
The price of the comparable property must be adjusted downward by $750
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