Sales Comparison Approach: Market Data Grid Elements of Subject Comparison Site size Effective age Living area Number of baths Porch Pool 0.6 acres 5 yrs 2,000 sq. ft. 2 00000000 Comparable Sale #1 0.65 acres 3 yrs 2,040 sq. ft. 3 200 sq. ft. None None Pool Amounts of the adjustment for each item: Lot size: $100,000 per acre; Age: $1,500 per year, Living area: $50 per square foot; Bath: $5,000; Porch: $20 per square foot; Pool: $10,000. What are the adjustment factors for living area, porch and pool for comparable sale #17 Negative 2,000 for living area; negative 4,000 for porch; negative 10,000 for pool. Negative 2,000 for living area; negative 4,000 for porch; positive 10,000 for pool. Negative 2,000 for living area; positive 4,000 for porch; negative 10,000 for pool. Positive 2,000 for living area; negative 4,000 for porch, negative 10,000 for pool. Positive 2,000 for living area; positive 4,000 for porch; negative 10,000 for pool. Positive 2,000 for living area; negative 4,000 for porch; positive 10,000 for pool. Negative 2,000 for living area; positive 4,000 for porch; positive 10,000 for pool. Positive 2,000 for living area; positive 4,000 for porch; positive 10,000 for pool.

Sales Comparison Approach: Market Data Grid Elements of Subject Comparison Site size Effective age Living area Number of baths Porch Pool 0.6 acres 5 yrs 2,000 sq. ft. 2 00000000 Comparable Sale #1 0.65 acres 3 yrs 2,040 sq. ft. 3 200 sq. ft. None None Pool Amounts of the adjustment for each item: Lot size: $100,000 per acre; Age: $1,500 per year, Living area: $50 per square foot; Bath: $5,000; Porch: $20 per square foot; Pool: $10,000. What are the adjustment factors for living area, porch and pool for comparable sale #17 Negative 2,000 for living area; negative 4,000 for porch; negative 10,000 for pool. Negative 2,000 for living area; negative 4,000 for porch; positive 10,000 for pool. Negative 2,000 for living area; positive 4,000 for porch; negative 10,000 for pool. Positive 2,000 for living area; negative 4,000 for porch, negative 10,000 for pool. Positive 2,000 for living area; positive 4,000 for porch; negative 10,000 for pool. Positive 2,000 for living area; negative 4,000 for porch; positive 10,000 for pool. Negative 2,000 for living area; positive 4,000 for porch; positive 10,000 for pool. Positive 2,000 for living area; positive 4,000 for porch; positive 10,000 for pool.

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

Section: Chapter Questions

Problem 1PS

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Cost ConceptT On February 3, Gallatin Repair Service extended an offer of $152,000 for land that had been priced for sale at $173,000. On February 28, Gallatin Repair Service accepted the seller's counteroffer of $165,000. On October 23, the land was assessed at a value of $248,000 for property tax purposes. On January 15 of the next year, Gallatin Repair Service was offered $264,000 for the land by a national retail chain. At what value should the land be recorded in Gallatin Repair Service's records?
You want to value a property with an effective gross income of $53,000 and a Net Operating Income of $27,500. The table below summarizes the valuation and income of comparable properties. Comp 1 Comp 2 Comp 3 Price $300,000 $350,000 $375,000 Gross Income $50,000 $55,000 $60,000 % Operating 50% 55% $54% Expense Net Operating Income $25,000 $30,000 $32,500 What value would a Gross Income Multiple approach yield (rounded to the nearest $100)? $329,200 $325,000 $330,000 $316,900
Suppose you have 3 sales you can use for comparable sales. Sale 1 and Sale 2 are puritan in relation to land class. Use the puritan sales to determine the price per acre by land class for the third sale using the land class ratio analysis and land adjustment process. Sale 1 has 475 acres of Class 1V land and sold for $300,000. Sale 2 has 600 acres of Class I land and sold for $550,000. Sale 3 has 350 acres of Class I land and 100 acres of Class IV land and sold for $400,000.
A saltwater disposal system is added to Lease A's gathering system at a cost of $225,000. Assume the following acquisition costs and monthly operating expense fro the motn of May 2018 is $30,000. Case A: The disposal system serves several wells on two different leases. There are 7 wells on lease A and 10 wells on Lease B. Case B: the disposal system serves only the wells on Lease A. Required: Record the acquisition cost and the monthly expenses.
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Indicate the tramsaction prie for this situation and when revenue will be recognized Groupo sels goods to Magnus for $500,000 payment due in two installments first installment payable in 18 months and the second paymend due 6 months later. The present value of the future payments is $464,000 O $500.000 recognized at the point of sale O $464.000 reciognized at the point of sale and recognized interest revenue over the payment period O $500.000 recognize $250,000 in 18 months and $250,000 recognized 6 months later $500.000 recognize $464 000 revenue and $36.000 of interest revenue
Using the information from the three office building land sales. Assume that you are valuing a similar building of 30,000 square feet. What is the appropriate land value? Sales Price Building Size Land Size Sale 1 $550,000 27,500 SF 2.50 acres Sale 2 $625,000 31,250 SF 2.50 acres Sale 3 $650,000 32,500 SF 3.25 acres
Tamarisk Realty Corporation purchased a tract of unimproved land for $110,000. This land was improved and subdivided into building lots at an additional cost of $68,920. These building lots were all of the same size but owing to differences in location were offered for sale at different prices as follows. Group 1 2 3 No. of Lots 9 15 17 Price per Lot $6,000 8,000 4,800 Operating expenses for the year allocated to this project total $36,400. Lots unsold at the year-end were as follows. Group 1 Group 2 Group 3 5 lots 7 lots 2 lots At the end of the fiscal year Tamarisk Realty Corporation instructs you to arrive at the net income realized on this operation to date. (Round ratios for computational purposes to 4 decimal places, e.g. 78.7234% and final answer to 0 decimal places, e.g. 5,845.) Net income
Refer to the highest and best use analysis in table below. Use (a)Year 1 NOI (b)(r−g) (c)R (a÷c = d)Implied Property Value (PV) (e)Construction Cost of Building (d) − (e)Implied Land Value(Residual) Office $ 510,000 0.13−0.03 0.10 $ 5,100,000 $ 4,000,000 1,100,000 Retail $ 610,000 0.12−0.04 0.08 7,625,000 $ 6,750,000 875,000 Apartment $ 415,000 0.12−0.03 0.09 4,611,111 $ 3,000,000 1,611,111 Warehouse $ 410,000 0.10−0.02 0.08 5,125,000 $ 4,000,000 1,125,000 Required: Suppose that the warehouse income would grow at 3 percent per year instead of 2 percent. a. Does this change the highest and best use of the site? multiple choice Yes No b. What is the new implied land value? (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.)
Subject - account
Calculate the property tax rate required to meet the budgetary demands of the community. Note: When calculating budgetary demands, always round up. (Round your answers to two decimal places.) Community Total AssessedProperty Valuation Total TaxesRequired Property Tax Rate Percent Per $100(in $) Per $1,000(in $) Mills Ellingham $58,000,000 $2,500,000 % $ $

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