You have been asked to prepare a valuation of a residential property. The subject property is a house that is 1,200 square feet and is NOT located in a gated community. Below are four comparables that you have identified that fit the subject property.
A 1,500 square foot house was sold one year ago for $300,000. It is located in a gated community.
A 1,500 square foot house was recently sold for $285,000 and is located in a gated community.
A 1,200 square foot house was sold one year ago for $270,000 and is located in a gated community.
A 1,500 square foot house was recently sold for $280,000 and is NOT located in a gated community.
An adjustment for location (-$5,000) was made. Which two comparables contributed to the adjustment?
Group of answer choices
Comparables 2 and 3
Comparables 3 and 4
Comparables 2 and 4
Comparables 1 and 2
Comparables 1 and 4
Comparables 1 and 3
Answers: 3
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