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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?

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  1. 27 June, 19:43
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    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.
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