Application Of Direct Sales Comparison - 880 Words

This report uses the application of direct sales comparison approach to derive the site value for the subject property. There are sufficient sales of vacant lots within 3 miles of the subject property. Seven suitable vacant lot sales were selected and analyzed to estimate indicated subject’s lot value (table_ 1). The analysis uses a per sq. ft. unit in valuing the site. The vacant lots were sold March to October of 2013. Lots attribute such as lot size, lot shape, topography, Resource Protected Area (RPA), zoning which is density of development allowed per acre of land, and traffic patterns were analyzed. The report used the Fairfax County digital maps of property, resource protected area, and topography maps. In addition, aerial photography data was used to determine the level of traffic in areas surrounding each lot. The comparable lot sales are similar to the subject in term of land features such as lot shape, land use, topography, and traffic patterns. The main differences in the comparable lots are observed in terms of lot size, RPA, and zoning (density of development allowed per acre of land). This report originally selected twenty one vacant or lots with old buildings which were subsequently razed and replaced with newer and larger contemporary homes. In order to conduct a meaningful analysis, the report calculated per sq. ft. median sales price of $7.20 based on the original twenty one vacant lot sales (appendix _A). This figure is only used for adjusting the sizeShow MoreRelatedMeasuring Instruments, Empirical Data And The Technical Aspects Of The Crm1098 Words   |  5 Pagesempirical data for the products chosen to compare, followed by the comparisons on business values, functionalities and the technical aspects of the CRM products along with the approaches with an opinion on each topic during comparisons. This section is dedicated to interpret the results for the 2 products Siebel and Salesforce.com. 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