Question

The subject property does not have a pool or a screen porch. A comparable that sold for $205,000 has a $1,000 screen porch, one more $2,500 half-bathroom, and a $6,000 pool. Assuming all else is equal, what is the adjusted value of the comparable?A. $200,500B. $195,500C. $214,500D. $207,500

Answer 1

B, $195,500

Step-by-step explanation:

A comparable sold for $205,000

But it has:

$1,000 screen porch

$2,500 half- bathroom

$6,000 pool.

Adding up the extra options, we have

$1,000 + $2,500 + 6,000 = $9,500

To calculate the adjusted value of the comparable, we subtract the cost of tthe added options from the sale price.

i.e $205,000 - $9,500 = $195,500.

Cheers.