List out the factors which have been removed by the net rate analysis.. [ad_1]
- For the four residential sales below calculate the dwellingnet rate($/m2) from the sales information.
Sale # 1 Sale # 2
Gross Sales price $462,000 $417,000
Chattels include in price $ $8,000 $ 5,000
Vacant land area 600m2 510m2
Garage Double attached internal access 40m2 separate
Fencing and layout $ 13,000 $ 8,000
Floor area 225m2 including 40m2 garage 170m2 dwelling only
Sale # 3 Sale # 4
Gross Sales price $472,000 $425,000
Chattels included in price $ 12,000 $ 9,000
Vacant land area 550m2 610m2
Garage attached internal access 35m2 separate
Fencing and layout $ 18,000 $ 10 ,000
Floor area 235m2 including 40m2 garage 180m2 dwelling only
NB an internal access double garage adds $750/m2 of garage with internal gib lining
A separate (stand alone unlined interior) double garage adds $500/m2 of garage.
Vacant residential sales $185,000 land area 610m2, $161,000 land area 525m2
$173,000 land area 580m2, $179,000 land size 605m2
All land sales are rectangular with street frontage sites.
All sales are within the last 3 months.
- a) List out the factors which have been removed by the net rate analysis.
- b) List out the factors which might be causing the net rates to be different.
- Subject property to assess a market value: $10,000 chattels, Dwelling floor area 225m2land area 600m2, Garage 35m2attached Internal access and lined, $16,000 fencing and layout.