Business, 14.05.2021 01:00 pyromadestill

Suppose you gathered the following information: Property A sold 9 months ago for $410,000 and Property B sold 12 months ago for $405,000. If the two properties were sold today at $425,00 and $465,000, respectively. a). What is the average monthly rate of increase that can be used to adjust comparable prices for changes in market conditions?
b). Based on your answers to part a, and given the following information, determine the final appraisal value of the subject property.
Adjustments
Market conditions from part a.
Lot size $25,000 (per acre)
Effective age (years) $1,000 (per year)
Living area (sq. ft) $45.00 (per sq. ft.)
Bath $1,250 (per bath)
Bedrooms $3.000 (per bedroom)
Subject Property Comparable Property
Time sold Today 9 months ago
Lot size (acres) 0.83 0.80
Effective age (years) 8 7
Living area (sq. ft) 2,197 2.383

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Suppose you gathered the following information: Property A sold 9 months ago for $410,000 and Proper...

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