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Appraisal Grid Analysis for Land Value

The document discusses grid analysis of market data to estimate the value of a subject property. It provides details on three comparable market data transactions, including location, land area, asking price, and adjustments made for differences in location, size, shape and corner influence. Weighted values are calculated and a concluded value of PHP 3,600 per square meter is determined.

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intech.von21
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186 views1 page

Appraisal Grid Analysis for Land Value

The document discusses grid analysis of market data to estimate the value of a subject property. It provides details on three comparable market data transactions, including location, land area, asking price, and adjustments made for differences in location, size, shape and corner influence. Weighted values are calculated and a concluded value of PHP 3,600 per square meter is determined.

Uploaded by

intech.von21
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd

GRID ANALYSIS

In the grid analysis of the market data, a positive (+) adjustment would indicate that the property subject of appraisal is
superior than the property covered by the market data. On the other hand, a negative (-) adjustment would indicate that
the subject is inferior.

Market Data No. 1 2 3


Date of Data Current Current Current
Type of Data Offer to Sell Offer to Sell Offer to Sell

along Caysio Road, within


Corner Lot, within Sta. along Barangay Road, within
Location Barangay Caysio, Sta. Maria
Maria Bulacan Sta. Maria Bulacan
Bulacan

Land Area (sq.m.) 3,100.00 5,000.00 1,000.00


Asking Price (PHP/sq.m.) 5,500.00 3,000.00 4,500.00
Allowance for Discount -5% -5% -5%
Estimated Price as of Date of Data
5,225.00 2,850.00 4,275.00
(PHP/sq.m.)

Allowance for Market Condition 0% 0% 0%

Estimated Price as of Appraisal Date


5,225.00 2,850.00 4,275.00
(PHP/sq.m.)
Rectification / Adjustment Subject is Adjustment Subject is Adjustment Subject is Adjustment
For Location Equal 0% Equal 0% Equal 0%
For Size Inferior -10% Inferior -5% Inferior -10%
For Shape Equal 0% Equal 0% Equal 0%
For Corner influence Inferior -10% Equal 0% Equal 0%
Total Adjustment -20% -5% -10%
Adjusted Value (PHP/sq.m.) 4,180.00 2,707.5 3,847.5
Weight 30% 30% 40%
Weighted Value (PHP/sq.m.) 1,254.00 812.25 1,539.00
Concluded Value (PHP/sq.m.) 3,605.25

Rounded to (PHP/sq.m.) 3,600.00

Based on the analysis above, the Market Value of the land is estimated at PhP 80,000.00 per square meter.

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