Sales Comparison Approach

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SalesComparisonGridwinter2019.xlsx

Sheet1

Elements of Comparison Subject Property Comparable Property Adjustment
Sale price of comparable 515,000
Property adjustments for:
Location Huntington Kensington (5,150)
Physical characteristics describe comp below enter adjustment below
Site/lot size 6,625 SF
Construction quality Typical
Condition Avg.
Effective age 4 years
Living area 3,750 SF
Number of bedrooms 3 bedrooms
Number of bathrooms 3 baths
Garage spaces 2-car
Porch, patio, deck Cov. Porch & wood deck deck only
Fence, pool, etc. None
Total adjustment for physical characteristics sum all of the physical adjustments here
Final adjusted sale price this is the comp price + location adjustment + physical adjustments
Explain below in words how and why you made each adjustment to the comparable properties. One of them has been provided to you as an example.
Adjustment Description of how/why each adjustment was made
Location The comp is in a more desirable area where sales are 1% higher, so a downward adjustment was made.
Site/lot size
Construction quality
Condition
Effective age
Living area
Number of bedrooms
Number of bathrooms
Garage spaces
Porch, patio, deck
Fence, pool, etc.