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What is the estimated value of the subject property using the average derived from the comparables?

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An appraiser is attempting to estimate the value of a house. The subject property has four bedrooms and a swimming pool. The appraiser has found three comparables that have recently sold: Comparable Sales Price Bedrooms Swimming Pool 1 $110,000 5 No 2 $101,000 4 No 3 $104,000 3 Yes The appraiser estimates that each bedroom […]

Given the above information, what is the estimated value of the subject property using the average derived from the comparables?

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Solve the following problem using the data outlined. Include a table of any adjustments you make to the sales prices of the comparable properties. Next, write a 3 page paper concerning Estimating Home Value. Include your calculations, chart, etc. in your paper. Discuss vital aspects when estimating the value of a property. Problem: An appraiser […]

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