Question

A comparable property recently sold for $315,000. Compared with the subject property, the comparable is built of superior materials ($20,000), and the comparable has more square footage ($25,000). What is the adjusted sale price of the comparable?

Answer 1

Answer:

The adjusted sale price of the comparable is $270,000

Explanation:

To compute the adjusted sale price, we have to use the equation which is shown below:

= Sale price of the property - the cost of the superior materials - more square footage cost

= $315,000 - $20,000 - $25,000

= $270,000

For calculating the adjusted sales value, we have to deduct these two expenses so that the correct value can be computed.

Hence, the adjusted sale price of the comparable is $270,000