Given the Following Information, What Adjustment Would Need to Be

question 5

Multiple Choice

Given the following information, what adjustment would need to be made to account for the living area difference between the Subject Property and Comparable Property? $$\begin{array} { | l | c | } \hline & \text { Adjustrnents } \\\hline \text { Market Conditions }& - 0.50 \% ( p e r \text { month } ) \\\hline \text { Lot Size } \ & \$ 25,000 \text { (per acre) } \\\hline\text { EFfective Age (Years) } & \$ 1,000 ( \text { per year) } \\\hline\text { Living Area (Sq. Ft) } & \$ 45.00 ( \text { per sq. ft.) } \\\hline \text { Bath } & \$ 1,250 ( \text { per bath) } \\\hline\text { Bedroorrs }&\$3,000(per bedroom) \\\hline\end{array}$$
$$\begin{array} { | l | c | c | } \hline & \text { Subject Property } & \text { Comparable Property } \\\hline \text { Time Sold } & \text { Today } & 4 \text { Morths Apo } \\\hline \text { Lot Size (Acres) } & 0.83 & 0.80 \\\hline \text { Effective Ape (Years) } & 8 & 7 \\\hline \text { Living Area (Sq. Ft) } & 2,197 & 2,383 \\\hline \text { Bath } & 3.5 & 3.5 \\\hline \text { Bedroorns } & 4 & 4 \\\hline \text { Sale Price } & - & \$ 287,000 \\\hline\end{array}$$

• A) The price of the subject property must be adjusted upward by $8,370.
• B) The price of the subject property must be adjusted downward by $8,370
• C) The price of the comparable property must be adjusted upward by $8,370.
• D) The price of the comparable property must be adjusted downward by $8,370.