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An appraiser is valuing a parcel of land and has identified 3 comps and has identified size and location as the only 2 relevant elements of comparison. What is the approximate adjustment for size and location respectively? Price Subject Size ? Location Good Comp 1 Comp 2 Comp 3 $200,000 $230,000 $250,000 Average Average Good 21,000 SF 22,000 SF 24,000 SF 24,000 SF O $15,000/1000 SF and +$20,000 O +$20,000/1000 SF and -$15,000 -$20,000/1000 SF and +$15,000 O +$15,000/1000 SF and -$20,000

An appraiser is valuing a parcel of land and has identified 3 comps and has identified size and location as the only 2 relevant elements of comparison. What is the approximate adjustment for size and location respectively? Price Subject Size ? Location Good Comp 1 Comp 2 Comp 3 $200,000 $230,000 $250,000 Average Average Good 21,000 SF 22,000 SF 24,000 SF 24,000 SF O $15,000/1000 SF and +$20,000 O +$20,000/1000 SF and -$15,000 -$20,000/1000 SF and +$15,000 O +$15,000/1000 SF and -$20,000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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An appraiser is valuing a parcel of land and has identified 3 comps and has identified size and location as the only 2 relevant elements of comparison. What is the approximate adjustment for size and location respectively? Price Subject Size ? Location Good Comp 1 Comp 2 Comp 3 $200,000 $230,000 $250,000 Average Average Good 21,000 SF 22,000 SF 24,000 SF 24,000 SF O-$15,000/1000 SF and +$20,000 O +$20,000/1000 SF and -$15,000 -$20,000/1000 SF and +$15,000 O +$15,000/1000 SF and -$20,000
Transcribed Image Text:An appraiser is valuing a parcel of land and has identified 3 comps and has identified size and location as the only 2 relevant elements of comparison. What is the approximate adjustment for size and location respectively? Price Subject Size ? Location Good Comp 1 Comp 2 Comp 3 $200,000 $230,000 $250,000 Average Average Good 21,000 SF 22,000 SF 24,000 SF 24,000 SF O-$15,000/1000 SF and +$20,000 O +$20,000/1000 SF and -$15,000 -$20,000/1000 SF and +$15,000 O +$15,000/1000 SF and -$20,000
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