Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
The following are the adjusted sales prices of four comparables
The following are the adjusted sales prices of four comparables. Their designated weighted amounts are 20% for comparables 1 and 4.35% for comparable 2 and 25% for comparable 3. Comparable 1 - $167,800 Comparable 2 = $169,500 Comparable 3 = $170,300 Comparable 4 - $168,000 Given this information, what is the market value of your subject property? $167.900 $169,060 $168,040 $169,400
Expert Solution
To calculate the market value of the property
We need to calculate the weighted average value of the 4 comparables
We do that in the following manner
| Weight | Value | |
| Comp 1 | 20% | 167800 |
| Comp 2 | 35% | 169500 |
| Comp 3 | 25% | 170300 |
| Comp 4 | 20% | 168000 |
A weighted average of these 4 comparables gives us
20%* 167800 + 35%*169500 + 25%*170300 + 20%*168000
A market value of $169,060
Correct answer is Option B:$169,060
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
