A comparable sold for $340,000. It has one more full bathroom than the subject, and paired sales indicate a bathroom contributes $6,000 in this market. What is the comparable’s adjusted sale price?
Correct Answer
C) $334,000
Why this is correct: the comparable is superior, so the adjustment comes off the comparable to make it resemble the subject. Calculation: $340,000 - $6,000 = $334,000. Why the other choices are wrong: $346,000 adjusts in the wrong direction, rewarding the comparable for a feature the subject lacks; $340,000 leaves a known difference unadjusted; $328,000 deducts the $6,000 twice.
Why This Is the Correct Answer
Why this is correct: the comparable is superior, so the adjustment comes off the comparable to make it resemble the subject. Calculation: $340,000 - $6,000 = $334,000. Why the other choices are wrong: $346,000 adjusts in the wrong direction, rewarding the comparable for a feature the subject lacks; $340,000 leaves a known difference unadjusted; $328,000 deducts the $6,000 twice.
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