Sales Comparison Approach used — most reliable for Single Family Residence in this submarket (comp variance is tight — most reliable single approach for this submarket).
Adjustments applied to comps
- No upward adjustments required — subject aligns with comp set on lot size, GLA, and waterfront status.
| Pre-adjustment range (comp median ±10%) |
$280,800 – $343,200 |
| Post-adjustment range (adjusted value ±7%) |
$290,160 – $333,840 |
Final $312,500 reflects a +4.9% appreciation curve from last transaction ($298,000 on Mar 14, 2023) over ~41 months — aligns with similar sub-market sales in the surrounding county.