Property Valuation
A comparable property sold for $310,000. It has one more bathroom than the subject. The market value of a bathroom is $8,000. The adjusted sale price of the comparable is:
A$302,000✓ Correct
B$318,000
C$310,000
D$298,000
Explanation
The comparable is superior (extra bathroom), so we subtract the adjustment from the comparable's sale price: $310,000 − $8,000 = $302,000. Adjustments are made to the comparable (not the subject) to match the subject's characteristics.
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