Given the following information, what adjustment would be needed to account for thedifference in the living area or the market condition between the subject property and thecomparable property (choose the closest answer)Market ConditionsLot SizeAdjustmentsBath-0.50% (permonth)Effective Age (Years) $1,000 (per year)Bedrooms$25,000 (per acre)Living Area (Sq. Ft) $45.00 (per sq. ft.)$1,250 (per bath)$3,000 (perbedroom) Time SoldLot Size (Acres)Living Area (Sq. Ft)BathEffective Age (Years) 18BedroomsSale PriceSubjectPropertyToday0.8342,1973.5ComparableProperty4 MonthsAgo0.8072,3833.5$287,000O The price of the comparable is adjusted upward for the living area by $5,370O The price of the comparable is adjusted downward for the living area by $5,370O The price of the comparable is adjusted upward for the market condition by $5,740O The price of the comparable is adjusted downward for the market condition by $5,740

When comparing properties to determine the value of a subject property, adjustments may need to be…

Given the following information, what adjustment would be needed to account for the difference in the living area or the market condition between the subject property and the comparable property (choose the closest answer)

Given the following information, what adjustment would be needed to account for the difference in the living area or the market condition between the subject property and the comparable property (choose the closest answer)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Given the following information, what adjustment would be needed to account for the
difference in the living area or the market condition between the subject property and the
comparable property (choose the closest answer)
Market Conditions
Lot Size
Adjustments
Bath
-0.50% (per
month)
Effective Age (Years) $1,000 (per year)
Bedrooms
$25,000 (per acre)
Living Area (Sq. Ft) $45.00 (per sq. ft.)
$1,250 (per bath)
$3,000 (per
bedroom)

Time Sold
Lot Size (Acres)
Living Area (Sq. Ft)
Bath
Effective Age (Years) 18
Bedrooms
Sale Price
Subject
Property
Today
0.83
4
2,197
3.5
Comparable
Property
4 Months
Ago
0.80
7
2,383
3.5
$287,000
O The price of the comparable is adjusted upward for the living area by $5,370
O The price of the comparable is adjusted downward for the living area by $5,370
O The price of the comparable is adjusted upward for the market condition by $5,740
O The price of the comparable is adjusted downward for the market condition by $5,740

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