The comparables are located in similar competing subdivisions with similar market appeal.  Market conditions are stable.  Comparable were adjusted to reflect seller paid points.  GLA adjustment at $25 per sq ft, supported by #1303 and #1298.  The difference in adjusted sale price is $5,100, this represents the markets reaction to the gated community.

Date of Appraisal: 20160414

Adjustment Amount: $$5100

All sales are final unless the data provider made significant errors or omissions that would impact the credibility of the analysis.