Property Valuation
An Iowa appraiser makes an adjustment of −$3,000 to a comparable sale that has a fireplace but the subject does not. This means the appraiser believes the fireplace:
AHas no value contribution
BContributes approximately $3,000 in market value✓ Correct
CReduces the comparable's value by $3,000
DIs an over-improvement worth $3,000
Explanation
A negative adjustment to the comparable means the comparable is superior to the subject in that feature. The adjustment reduces the comparable's price to account for the feature the subject lacks, indicating the market values a fireplace at approximately $3,000.
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