SALES COMPARISON DATA APPRAISAL RATING GRID – SINGLE-FAMILY RESIDENCE TRACT HOME
Elements/Units Comparables Subject
Data 1 Data 2 Data 3
Sales Price $164,000 $176,000 $178,000 ?
Adjustments
Financing Terms Normal Normal Normal Normal
Conditions of Sale... Normal Normal Normal Normal
Time (Sale Date) June, 2009 Nov., 2009 April, 2010 Aug., 2010
Adjustment 1%/mo +$22,960 +$15,840 +$7,120
Distance to Beach ... 1 Block 3 Blocks 4 Blocks 2 Blocks
Adjustment *(superior) *(inferior) *(inferior)
-$6,000 +$2,000 +$4,000
Garage Equal Equal Equal Equal
Age Equal Equal Equal Equal
Rooms Equal Equal Equal Equal
Bathrooms Equal Equal Equal Equal
View None Some Fine Fair
Adjustment *(inferior) *(inferior) *(superior)
+$4,000 +$1,000 -$6,000
Square footage 2,400 2,430 2,390 2,400
Adjustment 0 0 0
Net Adjustments ... $20,960 $18,840 $5,120
Adjusted Sale Price. $184,960 $194,840 $183,120
Indicated Value $185,000
* Inferior means the comparable is inferior to the subject property in this regard. Superior means the opposite.
Subtract the adjustment if the comparable is superior to the subject property. Add the adjustment if the
comparable is inferior to the subject property.
Reconciliation: Data 2 is close to the subject property in size, location, and view although not as good as the
subject. Data 3 is the latest sale, but has the greatest difference in view and location. Data 1 is the oldest sale but
is most useful for confirming the indication of value. Indicated value: $185,000.