The sales comparison approach is being used to obtain an
indication of the market value of a single family residence. The
subject property is compared to the four properties that sold
during the past year in the same neighborhood. Relevant
characteristics of the subject and the comparables are presented
below.
Subject: current sale, waterfront, 1 car garage, average
condition, 2,300 square feet.
Sale 1: sold last week, waterfront, 1 car garage, average
condition, 2,600 square feet, for $350,000.
Sale 2:...