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You have been hired by Agirich Appraisal. Your first assignment is to prepare a "Direct Sales Comparison Grid" for a subject property. Include in the grid, all comparable sales with improvements (buildings). To get started, you will only adjust for land and buildings. Your associates have already collected the comparable sales that you will need to prepare the "Grid." The subject property is in a good location and has the characteristics described in table 1. Information about the comparable sales are presented in Table 2 and 3. Show all of your calculations and supporting tables. Your new "boss" must be able to review your work and determine if your work has been done correctly. If your analysis is hard to follow, you will be fired (poor grade). Table 1 Subject Property Acres Cropland 400 Pasture 110 Total 510 Size Cond./ Utility Dwelling (Sq. Ft.) A/G 1,000 Eq. Shed (Sq. Ft.) / 4,000 Gr. Bin (bu.) F/F 10,000 Table 2 Comparable Sale Summary Date Acres Location $/Acre Sale No. Sales Price Crop Acres Pasture Acres Bldgs." 1 6 mo. $225,000 450 Avg. $500 0 450 2 6 mo. 525,000 500 Avg. 1,050 500 0 3 6 mo. 373,275 525 Avg. 711 200 325 4 Current 335,625 375 Avg. 895 300 75 5 1 yr. 725,900 700 Avg. 1,037 600 100 6 Current 532,680 690 Good 772 300 390 7 6 mo. 310,200 300 Avg. 1,034 200 100 House 8 Current 408,536 446 Avg. 916 346 100 Shed 9 1 yr. 374,880 330 Good 1,136 255 75 Sh/bin 10 6 mo. 472,500 450 Good 1,050 300 150 h/s/b 11 6 mo. 410,280 526 Good 780 200 326 1 year 675,378 594 Good 1,137 509 85 12 13 1 year 1,115 392 108 h/s/b 557,500 500 Avg. H=house; Sh=machinery shed; b=grain bins Table 3 Sale Summary of improvements Sale No. 8 9 7 Cond/Util Size Good/good 1,000 Cond/Util Size Cond/Util Size Dwelling (sq. ft.) Eq. Shed (Sq.ft.) Gr. Bin (bu. 10 Cond/Util Size Avg/avg 970 Fair/fair 4,000 Good/avg 6,000 13 Cond/Util Size Good/good 1,025 Avg/avg 4,140 Poor/poor 5,000 Good/good 4,000 Good/good 3,200 Good/good 5,000 You have been hired by Agirich Appraisal. Your first assignment is to prepare a "Direct Sales Comparison Grid" for a subject property. Include in the grid, all comparable sales with improvements (buildings). To get started, you will only adjust for land and buildings. Your associates have already collected the comparable sales that you will need to prepare the "Grid." The subject property is in a good location and has the characteristics described in table 1. Information about the comparable sales are presented in Table 2 and 3. Show all of your calculations and supporting tables. Your new "boss" must be able to review your work and determine if your work has been done correctly. If your analysis is hard to follow, you will be fired (poor grade). Table 1 Subject Property Acres Cropland 400 Pasture 110 Total 510 Size Cond./ Utility Dwelling (Sq. Ft.) A/G 1,000 Eq. Shed (Sq. Ft.) / 4,000 Gr. Bin (bu.) F/F 10,000 Table 2 Comparable Sale Summary Date Acres Location $/Acre Sale No. Sales Price Crop Acres Pasture Acres Bldgs." 1 6 mo. $225,000 450 Avg. $500 0 450 2 6 mo. 525,000 500 Avg. 1,050 500 0 3 6 mo. 373,275 525 Avg. 711 200 325 4 Current 335,625 375 Avg. 895 300 75 5 1 yr. 725,900 700 Avg. 1,037 600 100 6 Current 532,680 690 Good 772 300 390 7 6 mo. 310,200 300 Avg. 1,034 200 100 House 8 Current 408,536 446 Avg. 916 346 100 Shed 9 1 yr. 374,880 330 Good 1,136 255 75 Sh/bin 10 6 mo. 472,500 450 Good 1,050 300 150 h/s/b 11 6 mo. 410,280 526 Good 780 200 326 1 year 675,378 594 Good 1,137 509 85 12 13 1 year 1,115 392 108 h/s/b 557,500 500 Avg. H=house; Sh=machinery shed; b=grain bins Table 3 Sale Summary of improvements Sale No. 8 9 7 Cond/Util Size Good/good 1,000 Cond/Util Size Cond/Util Size Dwelling (sq. ft.) Eq. Shed (Sq.ft.) Gr. Bin (bu. 10 Cond/Util Size Avg/avg 970 Fair/fair 4,000 Good/avg 6,000 13 Cond/Util Size Good/good 1,025 Avg/avg 4,140 Poor/poor 5,000 Good/good 4,000 Good/good 3,200 Good/good 5,000

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