Property Valuation
A New York appraiser who finds that three comparable sales indicate values of $480,000, $495,000, and $510,000 for a subject property would most likely conclude a final value of approximately:
A$480,000 (lowest comparably sale)
B$510,000 (highest comparable)
C$495,000 (middle range, reflecting the weight of evidence)✓ Correct
DAn exact average of all three
Explanation
In reconciliation, the appraiser exercises judgment to weight the comparables based on similarity to the subject. A value near the middle of the range ($495,000) might reflect a balanced weighting, though the specific conclusion depends on which comparables are most similar to the subject.
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