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A house is being appraised using the sales comparison approach. The house has three bedrooms, two bathrooms, and a patio. The appraiser selects a comparable house that has three bedrooms, 2.5 bathrooms, and no patio. The comparable house just sold for $200,000. A half-bath is valued at $10,000, and a patio at $2,000. Assuming all else is equal, what is the adjusted value of the comparable?

Respuesta :

Answer:

$192,000

Explanation:

Data provided in the question:

Value of the house with three bedrooms, 2.5 bathrooms, and no patio = $200,000

Value of half bath = $10,000

Value of patio = $2,000

Now,

The comparable house has 0.5 bath less and 1 patio

Therefore,

While calculating the adjusted value of the comparable value of half bath will be deducted and value of patio will be added

Thus,

The adjusted value of the comparable = $200,000 - $10,000 + $2,000

= $192,000

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