If the comparables location is deemed to be 10% better than the subject location and the comparable sold for $350,000, what is the indicated value of the subject property?

To determine the indicated value of the subject property when the comparable location is deemed to be 10% better, you need to adjust the sale price of the comparable property downward to reflect the lesser quality of the subject property's location.

The comparable property sold for $350,000. Since it is considered 10% better, you would reduce the value of the comparable property by 10%.

To calculate the adjustment:

1. Find 10% of $350,000, which is $35,000.
2. Subtract this amount from the sale price of the comparable: $350,000 - $35,000 = $315,000.

Therefore, the indicated value of the subject property would be $315,000, which is why this option is correct. This adjustment process helps appraisers and real estate professionals accurately assess the value of a property based on the quality and desirability of its location compared to similar properties.