The document discusses methods for determining the appropriate pricing for distressed properties. It describes the sales comparison approach and elements of comparison like physical characteristics and location that affect property prices. It provides examples of analyzing comparable property sales data, making adjustments, and communicating a recommended listing price based on supply and demand trends in the local real estate market.
31. Francois K. Gregoire, IFA RAA State Certified Residential Appraiser #142 Gregoire & Gregoire, Inc. Realtor - Appraiser 727-344-3393 [email_address]
35. PAIRED SALES GARAGE 1590 1600 1550 SIZE 4/2 4/2 3/2 BR/BATH ? GARAGE VALUE 2 Car 1 Car 2 Car GARAGE 4/2008 4/2008 2/2008 DATE OF SALE $266,000 $260,000 $265,000 SALES PRICE SALE #3 SALE #2 SALE #1
36. PAIRED SALES POOL 1590 1600 1550 SIZE 4/2 4/2 3/2 BR/BATH ? ? POOL VALUE Above Ground None In Ground POOL 4/2008 5/2008 3/2008 DATE OF SALE $262,000 $260,000 $277,500 SALES PRICE SALE #6 SALE #5 SALE #4
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38. DEPRECIATED COST = = X X $ 6,500 INDICATED VALUE OF ONE GARAGE SPACE $ 6,552 DEPRECIATED COST -$ 3,685 36% 25/70 LESS DEPRECIATION EFF.AGE/LIFE $10,237 $31.50 325 GARAGE COST NEW COST/SF SIZE
40. MARKET RENT 1590 1600 1550 SIZE 4/2 4/2 3/2 BR/BATH ? RENT VALUE OF POOL Above Ground None In Ground POOL 4/2008 5/2008 3/2008 LEASE DATE $1800 $1800 $1925 ACTUAL RENT RENTAL #3 RENTAL #2 RENTAL #1
41. VALUE OF POOL $17,125 = 137 X $125 VALUE = GRM X MARKET RENT
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43. COMPARISON GRID + 6,000 1 CAR + 6,000 1 CAR 2 CAR GARAGE 3/2 4/2 3/2 BR/BA $283,500 $283,000 ADJUSTED PRICE INGRND +17,000 NONE INGRND POOL 3/2008 4/2008 6/2008 DATE $277,500 $260,000 SALES PRICE ADJUST COMP #4 ADJUST COMP #1 SUBJECT
44. Francois K. Gregoire, IFA RAA State Certified Residential Appraiser #142 Gregoire & Gregoire, Inc. Realtor - Appraiser 727-344-3393 [email_address]