What does a property included in comparables usually share with the subject property?

Properties included in comparables typically share similarities in size, condition, and amenities with the subject property because these factors significantly influence a property's value. In real estate appraisal, comparables are used to establish a benchmark for pricing. When assessing a property, appraisers look for others that reflect similar characteristics to ensure a fair and reasonable market analysis.

Size affects how much space is available, impacting its functionality and desirability. The condition of the property refers to its physical state, which can greatly influence a buyer's willingness to purchase and at what price. Amenities, such as pools, garages, or updated kitchens, also play a crucial role in valuation as they can enhance appeal and therefore market price. By using properties that closely align in these aspects, appraisers can provide a more accurate valuation of the subject property.

Other options, while potentially relevant to property analysis, do not uniformly apply as strongly as size, condition, and amenities in determining comparables. For instance, location is important, but it is not the only factor; two properties in the same area may vary widely in value based on size and amenities. Age and historical significance might influence value but are not as universally applicable to modern assessment practices. Tax assessment value can vary independently of the physical characteristics