Property Valuation
A Maine vacant lot sold for $80,000. A similar lot with a lake view recently sold for $110,000. The appraiser would make what adjustment for the lake view?
AAdd $30,000 to the comparable lacking the lake view✓ Correct
BSubtract $30,000 from the subject
CAdd $30,000 to the subject
DNo adjustment is needed
Explanation
In the sales comparison approach, if the comparable lacks a feature the subject has, the appraiser adds the value of that feature to the comparable. Since the $80,000 lot lacks the lake view, add $30,000 to it.
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