Reference no: EM132466103
A property comparable to the single-family home you are appraising sold three months ago for $453,000. You have determined that the adjustments required for differences in the comparable and subject property are as follows:
Transaction Characteristics
Property Rights Conveyed: none
Financing Terms: none
Conditions of Sale: none
Expenditures Immed. After Sale: $3,000
Market Conditions (monthly, not compounded): 0.5%
Property Characteristics
Location: 3%
Physical Characteristics: -5%
Economic Characteristics: none
Use: none
Non-Realty Components: -$5,000
Making adjustments in the order found in Exhibit 7-6 in the textbook, what is the final adjusted sale price of the comparable?
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