Property Valuation
A sales comparison approach adjustment grid shows a comparable sold for $290,000. The appraiser makes adjustments of +$5,000 for bathroom, -$8,000 for location, and +$3,000 for size. What is the adjusted comparable price?
A$286,000
B$290,000✓ Correct
C$294,000
D$298,000
Explanation
Adjusted price = $290,000 + $5,000 − $8,000 + $3,000 = $290,000. Using the values given ($290,000, $5,000), apply the appropriate formula.. The correct answer is $290,000.. This is a common calculation on the Idaho real estate exam.
Related Idaho Property Valuation Questions
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