Property Valuation
A Louisiana home sold for $250,000. A comparable sale was made for $245,000 but the comparable had a covered patio worth $3,000 that the subject property lacks. The adjusted value of the comparable is:
A$248,000
B$242,000✓ Correct
C$252,000
D$246,000
Explanation
When the comparable has a feature the subject lacks, subtract the feature's value from the comparable. $245,000 − $3,000 = $242,000.
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