Property Valuation
In the sales comparison approach, a comparable property sold for $520,000 and has a two-car garage worth $15,000 that the subject property lacks. The adjusted value of the comparable is:
A$535,000
B$520,000
C$505,000✓ Correct
D$510,000
Explanation
When a comparable has a feature the subject lacks, subtract the value from the comparable: $520,000 − $15,000 = $505,000. The adjustment brings the comparable closer to the subject property's characteristics.
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