Question 1 Sales Comparison Approach Subject Elements of Comparison Sale price of comparable Comp Sale 1 $169,900 Comp S

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Question 1 Sales Comparison Approach Subject Elements of
Comparison Sale price of comparable Comp Sale 1 $169,900 Comp Sale
2 $167,200 Comp Sale 3 $157,100 Transaction characteristics
Property rights conveyed Financing terms Conditions of sale
Expenditures immed, after purchase Market conditions Fee simple
Conventional Arm's length Same Same Same None This month Same Same
Same None 3 mos. ago Same Same Same None Today 4 mos. ago Parkway
Estates Same Same Same 0.50 acres Siding/brick 0.45 acres Siding
0.48 acres Brick 6 years 10 years 15 years Property characteristics
Location Physical characteristics Site/lot size Construction
quality Effective age Living area Number of baths Garage spaces
Porch, patio, deck Fence, pool, etc. Economic characteristics Use
Nonrealty components 0.50 acres Siding 3 years 1,960 sq. ft. 2.5
baths 2-car None None N.A. Single-family None 2,060 sq. ft. 2.5
baths 2-car None None N.A. Same None 2,077 sq. ft. 2.5 baths 2-car
None Pool N.A. Same None 1,818 sq. ft. 3.0 baths 2-car 200 sq. ft.
Pool N.A. Same None
Subject Comp 1 Comp 2 Comp 3 Elements of Comparison Sales price of
comp $ 200,000 $ 195,000 210,000 $ $ $ $ Transaction Adjustments
Adj for property rights Adj for financing terms Adj for conditions
of sale Adj for expenditures after sale Adj for market conditions
Total Transaction Adjustments Fee Simple Conventional Arm's Length
None Today $ $ $ $ $ $ Parkway Estate $ $ $ .50 acres Siding/good $
$ $ Property Adjustments Location Physical Characteristics: Site
Construction Quality Effective Age Living Area Baths Porch, patio,
deck Fence, pool, etc. Total Property Adjustments 3 years $ $ $
1960 sq. ft. 2.5 None $ $ None Final Adjusted Sales Price
Assumptions Market Conditions Lot price Siding Brick Front/Siding
All Brick Depreciation Living Area Porch/Patio Pool $ $ $ $ $ $ $ $
$ 0.50% month increase 150,000 per acre - adjustment 2,500
adjustment 3,500 adjustment 1,500 year 50 sq. ft. 15 sq. ft. 10,000
5,000 Bath