Property Valuation
An appraiser in Maine uses the sales comparison approach and finds three comparable sales at $275,000, $290,000, and $285,000. The unadjusted average value would be:
A$275,000
B$283,333✓ Correct
C$285,000
D$290,000
Explanation
Average = ($275,000 + $290,000 + $285,000) ÷ 3 = $850,000 ÷ 3 = $283,333. Using the values given ($275,000,, $290,000,), apply the appropriate formula..
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