Given the Following Information, What Adjustment Would Need to Be
Question 24
Question 24
Multiple Choice
Given the following information, what adjustment would need to be made to account for the lot size difference between the Subject Property and Comparable Property? Market Conditions Lot Size EFfective Age (Years) Living Area (Sq. Ft) Bath Bedroorrs Adjustrnents −0.50%(per month ) $25,000 (per acre) $1,000( per year) $45.00( per sq. ft.) $1,250( per bath) $3,000(perbedroom) Time Sold Lot Size (Acres) Effective Ape (Years) Living Area (Sq. Ft) Bath Bedroorns Sale Price Subject Property Today 0.8382,1973.54− Comparable Property 4 Morths Apo 0.8072,3833.54$287,000
A) The price of the subject property must be adjusted upward by $750. B) The price of the subject property must be adjusted downward by $750 C) The price of the comparable property must be adjusted upward by $750. D) The price of the comparable property must be adjusted downward by $750.
Correct Answer:
Verified
Unlock this answer now Get Access to more Verified Answers free of charge