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 (Square Feet) Bath Bedrooms Time Sold Lot Size (Acres) Effective Age (Years) Living Area (Square Feet) Bath Bedrooms Sale Price Adjustments -0.50% (per month) $ 25,000 (per acre) $1,000 (per year) $ 45.00 $ 1,250 (per bath) $ 3,000 (per bedroom) (per square feet) Subject Property Today 0.83 8 2,197 3.5 4 Comparable Property 4 Months Ago 0.80 7 2,383 3.5 4 $ 287,000

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 (Square Feet) Bath Bedrooms Time Sold Lot Size (Acres) Effective Age (Years) Living Area (Square Feet) Bath Bedrooms Sale Price Adjustments -0.50% (per month) $ 25,000 (per acre) $1,000 (per year) $ 45.00 $ 1,250 (per bath) $ 3,000 (per bedroom) (per square feet) Subject Property Today 0.83 8 2,197 3.5 4 Comparable Property 4 Months Ago 0.80 7 2,383 3.5 4 $ 287,000

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 38P

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