Property Valuation
An appraiser in South Dakota is estimating the value of a property using the sales comparison approach. The subject property has a two-car garage; a comparable sold for $285,000 and has a one-car garage. If a garage space is worth $8,000, the adjusted price of the comparable is:
A$277,000✓ Correct
B$285,000
C$293,000
D$301,000
Explanation
When the comparable has less than the subject (one-car vs. two-car garage), you subtract the adjustment from the comparable's price.
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