Property Valuation
A West Virginia appraiser determines a property's value using the sales comparison approach. A comparable property sold for $180,000 but has a garage valued at $10,000 that the subject property lacks. The adjusted sale price of the comparable is:
A$190,000
B$180,000
C$170,000✓ Correct
D$160,000
Explanation
When the comparable has a feature the subject lacks, a downward adjustment is made to the comparable. $180,000 - $10,000 = $170,000 adjusted sale price.
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