Real Estate Math
A Washington appraisal comparable sold for $485,000. It is located on a busy street which penalizes value by $18,000 compared to the subject's quiet street location. The adjusted comparable value is:
A$467,000
B$485,000
C$503,000✓ Correct
D$521,000
Explanation
The comparable is inferior to the subject (subject has a quiet street; comparable is on a busy street). Adjust upward: $485,000 + $18,000 = $503,000.
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