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587558 BO PTAReviewWorkbook <br /> Subject Comparable 1 +/- Comparable 2 +/- Comparable 3 +/- <br /> Address 1924 Water St NE 2615 Front St NE 555 Jefferson St NE 1960 Water St NE <br /> City Salem Salem Salem Salem <br /> Prop.ID 587558 526557 584560 587562 <br /> Sale Date 10/23/2020 05/07/2020 08/31/2020 07/24/2020 <br /> Adj Sale Price $ 317,000 $ 299,000 $ 340,000 $ 284,000 <br /> Sale Type/DOM 34/469 33/585 00/45 05/434 <br /> Neighborhood Riverside Addition Riverview Park N.Salem Addition + Riverside Addition <br /> Site .34 acre .17 acre .10 acre - .41 <br /> View none none none river access only <br /> Design 1 story+guest 2 story 2 story w/bsmt 2 story <br /> Quality of Const. average custom functional to avg - average - functional to avg - <br /> Actual Age 35 74 40 63 - <br /> Condition fair to average good + average plus + average <br /> Total Living Area 2 � 4� 1g,02 _ ,, ,, " n <br /> Above Grade SF 2396 2026 1368 2442 <br /> BR/Ba 1 BR/1.5 BTH 4BR/2BTH 3 BR/3 BTH 4BR/2BTH <br /> Basement Area unfinished 832 finished <br /> Unique features Disability access <br /> Heating/Cooling HP FA AC HP <br /> Garage/Carport AC 495 sf DGF 504 sf + AC 512 sf AGU518,AC400 + <br /> Guest house 660 sf(1 BR/1BTH) - - <br /> External influence Homeless shelter Busy rd,mhp + <br /> Included in sale 587559,587560 587566 <br /> Overall: ��av,nl _. Inferior V Equivalent w Inferior V, <br /> Comments: <br /> The subject is a custom home built to be totally handicapped accessible. The accessible kitchen and sparse open <br /> bathrooms are functional for the disabled,but not necessarily desirable to the average buyer. This unique residence, <br /> including attached guest house,is not really comparable to other homes in the area. The location,in an industrial <br /> commercial zone,next to a homeless shelter is not a desirable location for a single family home. "Comparable" properties <br /> were chosen-to represent similar neighborhoods within 1/2 mile . Comparables 1,3,and 4 are located next to the river. <br /> Comp 3 is on the same block as the subject.Adjusted sale prices range from 284,000 to 360,000,with a median of <br /> 320,000. The comparables support the actual sale price of 310,000 as a fair indication of value. <br /> Recommendation: *educe *31Q000-3 lots <br /> Land: Exception: 0 SAV: <br /> Improvements:r- MAV: • MSAV: <br /> Total: • Assessed: " <br />