Adjustments & Valuations

Surplus Land

Surplus Land


Sold By : Johns Portfolio
Sold By : Johns Portfolio
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The comparables are located in the MCQUEEN NORTH subdivision.  Comparable 1 was adjusted to reflect seller paid concessions.  Comparable 1 was adjusted due to car storage, this adjustment supported by #1314.  The comparables were adjusted to reflect the GLA difference utilizing a regression analysis of the market area (attached as a PDF).  Analysis indicates an increase of $114.51 per sq ft, the appraiser utilized cost approach data to determine the contributory value of GLA is 73%.  $114.51x.73=$83 per sq ft for contributory value of GLA.  The difference in left over sale price is $5,082, the difference in GLA is 5,010 sf.  $5,082/$5,010 =$1.01 per sq ft for surplus land.

Adjustment Amount: $$1.01
All sales are final unless the data provider made significant errors or omissions that would impact the credibility of the analysis.
  • State: Arizona
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