Property Valuation
A Maine appraiser making paired sales analysis is comparing two similar homes, one with a garage and one without. The garage home sold for $265,000 and the non-garage home sold for $252,000. The indicated value of the garage is:
A$6,500
B$13,000✓ Correct
C$15,000
D$26,500
Explanation
Paired sales analysis isolates the value of a single feature by comparing otherwise similar sales. The value of the garage = $265,000 − $252,000 = $13,000.
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