Given the following information, what adjustment would need to be made to account for the lot size difference between the Subject Property and Comparable Property? Market Conditions Lot Size Effective Age (Years) Living Area (Square Feet) Bath Bedrooms Time Sold Lot Size (Acres) Effective Age (Years) Living Area (Square Feet) Bath Bedrooms Sale Price Adjustments -0.50% (per month) $ 25,000 (per acre) $1,000 (per year) $ 45.00 $ 1,250 (per bath) $ 3,000 (per bedroom) (per square feet) Subject Property Today 0.83 8 2,197 3.5 4 Comparable Property 4 Months Ago 0.80 7 2,383 3.5 4 $ 287,000
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- Calculate the assessed value (in $) and the property tax due (in $) on the property. Fair MarketValue AssessmentRate AssessedValue PropertyTax Rate PropertyTax Due $155,000 100 $ $1.20 per $100 $Calculate the assessed value (in $) and the property tax due (in $) on the property. (Round your answers to the nearest cent.) Fair MarketValue AssessmentRate AssessedValue PropertyTax Rate PropertyTax Due $342,900 72 $ 5.1% $you have asked to estimate the value of the subject property that has gross rental income of $130,000 and a NOI of $58,000. A summary of transaction data on three comparable market is in the table below. Sp : 650,000 750,000 450,000 Gross rental income: 100 000 150,000 75,000 NOI. : 50 000 56,000 36,000 Based on two methods that are frequently used in the Income approach your task is to estimate the value of subject property. Which method give the highest value? (Ch 10) the subject property has a rentable area of 1,500 Sqm, construction costs amount to $30/sqm. Estimated economic life of building is 50 years. Economic depreciation in terms on negative changes in the neighborhood is estimated to $1000 and based on the sales comparison approach the estimated value of the land amounts to 10,000. Current age of the building is 10 years. Based on the cost Approach your task is to estimate the value of the subject proper
- Give typing answer with explanation and conclusion Calculate the assessed value for a piece of property worth $1,472,000.00 at an assessment rate of 55%. Round answer to the nearest cent.A comparable property recently sold for $65,000. the only difference between the comparable property and the subject property is that the comparable property has a screened, enclosed pool valued at $10, 000. because the subject property is viewed as inferior to the comparable property that has the pool there should be a A. PLUS 10K ADJUSTMENT TO THE COMPARABLE PROPERTY B MINUS 10K ADJUSTMENT TO THE COMPARABLE PROPERTY C PLUS 10K ADJUSTMENT TO THE SUBJECT PROPERTY D MINUS 10K ADJUSTMENT TO THE SUBJECT PROPERTYCalculate the NOI of a property based upon the information provided below: Building area: Average base rents: .NNN recoveries: Vacancy rate: Operating expenses . . • Percentage rent . Concessions . Annual debt service 165,720 O 315,720 O 375.720 440,220 O 478.500 O None of these 15,000 sqft $27.50 psf $4.00 psf 5.0% $4.30 psf $6,000 per year 3.0% $210,000 per year
- 23) Data collected about the comparable sales and the subject for the appraisal assignment is presented in the following table. What is the indicated value of the subject property? Gross Rent Rental A B C D Subject $10,000.00 $10,000.00 $23,400.00 $22,050.00 A) $198,000 B) $221,500 C) $201,500 D) $191,500 Cultivated Acres 200 150 250 130 160 Pasture Acres 0 100 100 250 100 Buildings no no house house / barns house / barns Sale Price $100,000.00 $100,000.00 $230,400.00 $220,500.0012) The data in the table are for the subject and three comparable properties. What is the adjustment to sale 1 for a corner lot? Sale price Size Price per sf Date Location Subject 19,000 sf Current Interior A) $0.39 per sf B) $0.54 per sf C) ($0.54) per sf D) ($0.39) per sf Sale 1 $57,380 19,000 sf $3.02 1 year ago Corner Sale 2 $52,600 20,000 sf $2.63 Current Interior Sale 3 $48,750 19,500 sf $2.50 1 year ago InteriorA property comparable to the single-family home you are appraising sold three months ago for $462,000. 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? Your Answer:
- The correct percentage to use to calculate the depreciation allowance for a MACRS 3-year property for Year 2 is which of the following? (a) 14.4% (b) 32.0% (c) 33.3% (d) 44.5%?Given the following owner's income and expense estimates for an apartment property formulåte a reconstructed operating statement. The building consists of. 10 units thát could rent for shs. 550 per month each. (d) Owner's income statement Rental income (last year). Less expenses Power Sh. 60,600 2,200 1,700 4,600 3,700 4,800 2,800 3,000 5,000 6,300 Heat Janitor Water Maintenance Reserves for repiacements Manageinent Depreciation Mortgage payments Net income 34,100 26,500What is the seller's gain or loss on a repossessed residence with fair market value of 4000.00 on the date of repossession.where the seller's basis is 3900.00 ,and the costs of repossession were 300