Given the following information, what is the approximate value the subject property? Adjustments Market conditions Market trend improved greatly, so adjust -1.00% (per past month) Lot size $ 25,000 (per acre) Effective age (years) - $1,000 (per past year) Living area (sq. ft) $45.00 (per sq. ft.) Bath $1,250 (per bath) Bedrooms $3,000 (per bedroom) Subject Prop. Comp. Prop. Time Sold Today Two Months Ago Lot size (ac.) 0.72 0.80 Effective age (years) 69 Living area (sqft) 2, 197 2,383 Bath 2.5 4.5 Bedrooms 4 3 Sales Price [Value ?] $488,000

Given the following information, what is the approximate value the subject property? Adjustments Market conditions Market trend improved greatly, so adjust -1.00% (per past month) Lot size $ 25,000 (per acre) Effective age (years) - $1,000 (per past year) Living area (sq. ft) $45.00 (per sq. ft.) Bath $1,250 (per bath) Bedrooms $3,000 (per bedroom) Subject Prop. Comp. Prop. Time Sold Today Two Months Ago Lot size (ac.) 0.72 0.80 Effective age (years) 69 Living area (sqft) 2, 197 2,383 Bath 2.5 4.5 Bedrooms 4 3 Sales Price [Value ?] $488,000

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter16: Budget Estimating

Section: Chapter Questions

Problem 2RQ

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