darceline1574
darceline1574
10.04.2020 • 
Business

You have been asked to prepare a valuation of a residential property. The subject property is a house that is 1,200 square feet and is NOT located in a gated community. Below are four comparables that you have identified that fit the subject property.

A 1,500 square foot house was sold one year ago for $300,000. It is located in a gated community.
A 1,500 square foot house was recently sold for $285,000 and is located in a gated community.
A 1,200 square foot house was sold one year ago for $270,000 and is located in a gated community.
A 1,500 square foot house was recently sold for $280,000 and is NOT located in a gated community.
An adjustment for location (-$5,000) was made. Which two comparables contributed to the adjustment?

Group of answer choices

Comparables 2 and 3

Comparables 3 and 4

Comparables 2 and 4

Comparables 1 and 2

Comparables 1 and 4

Comparables 1 and 3

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