Use the price per square foot of gross building, the price per square foot of land including building, and the price per front foot of land and select the best unit of comparison for calculating the subject property's value given the comparable data shown. For each potential unit of comparison calculate the coefficient of variation, using the unit of comparison with the lowest coefficient of variation calculate the value of the subject property. Gross Building Price per Price per Sq. Price per Sq. Area Sales Price Frontage Lot Depth Front Foot Ft. of Land Ft. of GBA 15,000 18,000 1. $125,987.00 215 246 $135,897.00 220 250 $145,800.00 245 285 22,000 $99,000.00 230 200 15,000 5. 22,000 $128,589.00 $175,000.00 216 255 6. 205 339 25,000 Subject Property 225 235 18,000 What is the value of the subject property? O $126,898 $128,152 $137,933 $148,565 O $122,898 O $112,655

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
icon
Related questions
icon
Concept explainers
Question
Use the price per square foot of gross building, the price per square foot of land including building, and the price per front foot of land and
select the best unit of comparison for calculating the subject property's value given the comparable data shown. For each potential unit of
comparison calculate the coefficient of variation, using the unit of comparison with the lowest coefficient of variation calculate the value of
the subject property.
Gross Building Price per Price per Sq. Price per Sq.
Area
Sales Price
Frontage
Lot Depth
Front Foot Ft. of Land Ft. of GBA
$125,987.00
215
246
15,000
2
$135,897.00
220
250
18,000
3
$145,800.00
245
285
22,000
$99,000.00
$128,589.00
230
200
15,000
216
255
22,000
6.
$175,000.00
205
339
25,000
Subject Property 225
235
18,000
What is the value of the subject property?
$126,898
$128,152
$137,933
O $148,565
O $122,898
O $112,655
Transcribed Image Text:Use the price per square foot of gross building, the price per square foot of land including building, and the price per front foot of land and select the best unit of comparison for calculating the subject property's value given the comparable data shown. For each potential unit of comparison calculate the coefficient of variation, using the unit of comparison with the lowest coefficient of variation calculate the value of the subject property. Gross Building Price per Price per Sq. Price per Sq. Area Sales Price Frontage Lot Depth Front Foot Ft. of Land Ft. of GBA $125,987.00 215 246 15,000 2 $135,897.00 220 250 18,000 3 $145,800.00 245 285 22,000 $99,000.00 $128,589.00 230 200 15,000 216 255 22,000 6. $175,000.00 205 339 25,000 Subject Property 225 235 18,000 What is the value of the subject property? $126,898 $128,152 $137,933 O $148,565 O $122,898 O $112,655
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Budget estimating
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Structural Analysis
Structural Analysis
Civil Engineering
ISBN:
9781337630931
Author:
KASSIMALI, Aslam.
Publisher:
Cengage,
Structural Analysis (10th Edition)
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Fundamentals of Structural Analysis
Fundamentals of Structural Analysis
Civil Engineering
ISBN:
9780073398006
Author:
Kenneth M. Leet Emeritus, Chia-Ming Uang, Joel Lanning
Publisher:
McGraw-Hill Education
Sustainable Energy
Sustainable Energy
Civil Engineering
ISBN:
9781337551663
Author:
DUNLAP, Richard A.
Publisher:
Cengage,
Traffic and Highway Engineering
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning