Problem based on completing appraisal report


Question: You have a partially completed appraisal report that you need to fill in. The 2,200 square foot subject property has an alarm system. The house next door is similar in all respects except for square footage and alarm system. This 2,300 square foot comparable sold for $245,500 and does not have an alarm system. If the market value of an alarm system is $4,500 and above a 2,000 sq. ft. benchmark, each 100 sq. ft. is worth $6,000, this comparable will have to be adjusted for alarm system and square footage by: Group of answer choices +$4,500 and -$6,000 respectively. +$6,000 and +$4,500 respectively. -$4,500 and +$6,000 respectively. -$6,000 and +$4,500 respectively.

 

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Accounting Basics: Problem based on completing appraisal report
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