Adjustments for the various elements of comparison have been calculated
A comparable property sold six months ago for $180,000. The adjustments for the various elements of comparison have been calculated as follows:
Location: +2 percent
Market conditions: +.7 percent per month
Physical characteristics: +2,600
Financing terms: -$1,800
Conditions of sale: 0
Legal characteristics: 0
Nonrealty items: +$3,200
PLEASE ROUND ALL VALUES AND FINAL ANSWER TO THE NEAREST HUNDRED FOR EACH CALCULATION. ( EXAMPLE: If location adjustment calculation is found to be $4532, please round to the nearest hundred. For this example, the location adjustment would equal $4500.
What is the comparable’s final adjusted sale price? Please show your work using the sequence for adjustments to find end result. ONLY FINAL SOLUTION WILL BE GRADED. No partial credit will be given.