An appraiser in Riverside County, California is making paired sales analysis to extract the value of a swimming pool. Property A (with pool) sold for $625,000. Property B (no pool, otherwise identical) sold for $590,000. Property C (with pool) sold for $710,000. Property D (no pool, otherwise identical to C) sold for $678,000. The documentary transfer tax in Riverside County is $1.10 per $1,000 of the sale price. What is the average market-derived adjustment for a swimming pool based on these paired sales?
Correct Answer
C) $33,500
Step 1: Paired sale 1 — Pool value = $625,000 - $590,000 = $35,000. Step 2: Paired sale 2 — Pool value = $710,000 - $678,000 = $32,000. Step 3: Average pool value = ($35,000 + $32,000) / 2 = $33,500. The documentary transfer tax information is included as a distractor — it confirms sale prices but does not change the paired sales calculation.
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