Given the Following Information, What Adjustment Would Need to Be

Given the following information, what adjustment would need to be made to account for the living area difference between the Subject Property and Comparable Property? $$\begin{array} { | l | c | } \hline & \text { Adjustrnents } \\\hline \text { Market Conditions }& - 0.50 \% ( p e r \text { month } ) \\\hline \text { Lot Size } \ & \$ 25,000 \text { (per acre) } \\\hline\text { EFfective Age (Years) } & \$ 1,000 ( \text { per year) } \\\hline\text { Living Area (Sq. Ft) } & \$ 45.00 ( \text { per sq. ft.) } \\\hline \text { Bath } & \$ 1,250 ( \text { per bath) } \\\hline\text { Bedroorrs }&\$3,000(per bedroom) \\\hline\end{array}$$
$$\begin{array} { | l | c | c | } \hline & \text { Subject Property } & \text { Comparable Property } \\\hline \text { Time Sold } & \text { Today } & 4 \text { Morths Apo } \\\hline \text { Lot Size (Acres) } & 0.83 & 0.80 \\\hline \text { Effective Ape (Years) } & 8 & 7 \\\hline \text { Living Area (Sq. Ft) } & 2,197 & 2,383 \\\hline \text { Bath } & 3.5 & 3.5 \\\hline \text { Bedroorns } & 4 & 4 \\\hline \text { Sale Price } & - & \$ 287,000 \\\hline\end{array}$$

A) The price of the subject property must be adjusted upward by $8,370.
B) The price of the subject property must be adjusted downward by $8,370
C) The price of the comparable property must be adjusted upward by $8,370.
D) The price of the comparable property must be adjusted downward by $8,370.

Correct Answer:

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