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
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
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
Related questions
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F932dec80-8015-4c31-bdcf-744f85b7afd7%2Ff14af6b6-1e04-48c2-8b4e-e489834b6829%2Fhvoye6np_processed.jpeg&w=3840&q=75)
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
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