Buy Existing Paper - A comparable property sold 10 months ago for $98,500

Description

A comparable property sold 10 months ago for $98,500. If the appropriate adjustment for market conditions is 0.30% per month, what would be the adjusted price of the comparable property? (show your results when considering with/without compounding)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  1. A property comparable to the single-family home you are appraising sold 3 months ago for $450,700. You have determined that the adjustments required for differences in the comparable and subject property are as follows:

 

 

What is the final adjusted price (indication of the subject’s value) for the comparable?

 

Elements of Comparison Required Adjustment Comparable
Sales price of comp     $450,700
Transaction Adjustments
Adj for property rights None  
Adj for financing terms None  
Adj for conditions of sale None  
Adj for expenditures after sale $3,000  
Adj for market conditions 0.50%/mth, compounded  
Total Transaction Adjustments      
Property Adjustments
Location +3%
Physical Characteristics: -5%  
Economic Characteristics N/A    
Use None    
Non-realty components 5000    
Total Property Adjustments      
       
Final Adjusted Sales Price      

 

 

  1. A comparable property sold 10 months ago for $98,500. If the appropriate adjustment for market conditions is 0.30% per month, what would be the adjusted price of the comparable property? (show your results when considering with/without compounding)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  1. A property comparable to the single-family home you are appraising sold 3 months ago for $450,700. You have determined that the adjustments required for differences in the comparable and subject property are as follows:

 

 

What is the final adjusted price (indication of the subject’s value) for the comparable?

 

Elements of Comparison Required Adjustment Comparable
Sales price of comp     $450,700
Transaction Adjustments
Adj for property rights None  
Adj for financing terms None  
Adj for conditions of sale None  
Adj for expenditures after sale $3,000  
Adj for market conditions 0.50%/mth, compounded  
Total Transaction Adjustments      
Property Adjustments
Location +3%
Physical Characteristics: -5%  
Economic Characteristics N/A    
Use None    
Non-realty components 5000    
Total Property Adjustments      
       
Final Adjusted Sales Price