In a comparative market analysis, the subject property has 2 bedrooms, 2 baths, a 1/2 acre lot and a swimming pool. A $115,000 comparable has 2 bedrooms, 1 bathroom, no pool, a 1/2 acre lot, and a screened porch. The appraiser adjusts by $9,000 for the bath, $11,000 for the pool, and $5,800 for the porch. What is the indicated value of the subject?

Question

Serena

Business

27 June, 19:34

In a comparative market analysis, the subject property has 2 bedrooms, 2 baths, a 1/2 acre lot and a swimming pool. A $115,000 comparable has 2 bedrooms, 1 bathroom, no pool, a 1/2 acre lot, and a screened porch. The appraiser adjusts by $9,000 for the bath, $11,000 for the pool, and $5,800 for the porch. What is the indicated value of the subject?

+3

Answers (1)

Know the Answer?

Ireland Schaefer · Answer 1

129200 dollar

Explanation:

subject property has 2 bedrooms, 2 baths, a 1/2 acre lot and a swimming pool

The given property

= 2 bedrooms, 1 bathroom, no pool, a 1/2 acre lot, and a screened porch

additional 1 bath room, one pool minus a screened porch will make it similar to subject property

So indicative value of the subject

= 115000+9000+11000-5800

= 129200 dollar.