adjusted sales price

adjusted sales price

In an appraisal, the answer obtained when the sales price of a comparable property is adjusted for factors that make it different from the property being appraised.

Example: Property Ais being appraised, and property B is a similar property that sold recent- ly. Property B has some features that property A does not. The sale price of property B would probably be lower if it, too, lacked that feature, so a downward adjustment is made. Likewise, property B lacks some features present in property A. If property B had those features, it would have sold for a higher price, so an upward adjustment is made in property B's sale price.

Mentioned in ?
References in periodicals archive ?
A size adjustment is found that most completely centralizes the adjusted sales price of the comparable sales.
Because of the adjusted sales price, overall gain/loss will change accordingly, affecting the prior year's gain/loss, as well as any unrealized gain/loss.
He claimed the sale came under Internal Revenue Code section 1034, which allows a taxpayer to roll over the gain from the sale of a home if(1) it is his or her principal residence, (2) the taxpayer purchases a new residence within two years--before or after-the date the old residence is sold and (3) the cost of the new residence is equal to or greater than the adjusted sales price of the old residence.
Profits on the sale of your home is not taxable if you buy and live in another house within two years and the price of the new home must be the same or more than the adjusted sales price of the old residence.
If the purchase price of the new residence is less than the adjusted sales price of the old residence, gain will be taxed to the extent of the difference in prices.
Since the cost of each new home was more than the respective shares of the adjusted sales price of the old home, both spouses must rollover his and her portion of the realized gain.
DENVER, July 23, 2015 /PRNewswire/ -- United Energy Trading, LLC (UET) announced today that it, together with Hawkeye Midstream, LLC, has sold 100% of its subsidiary, UET Midstream, LLC (Midstream), to ARC Terminals Holdings LLC, a wholly-owned subsidiary of ARC Logistics Partners LP (ARCX), for a total adjusted sales price of $76.
1034(a) allowed for gain nonrecognition on the sale of a principal residence, if (1) the purchase price of the new residence was at least as much as the adjusted sales price of the old and (2) the new residence was occupied by the taxpayer beginning within two years before and ending within two years after the sale of the old residence.
The deferral of gain is available only if the cost of purchasing the new residence exceeds the adjusted sales price of the old residence.
On the other hand, the seller was able to subtract these points from the adjusted sales price to reduce any realized gain from the sale of a principal residence.
TABLE 4 Calculation of Adjusted Sales Price Sale Subject NOI/ Comparable Adjusted Price/ No.
Operating net revenue, net of capital expenditures, between April 1, 2004 and July 20, 2004, other purchase price adjustments, and expenses associated with the sale will be deducted from the acquisition price, resulting in an estimated net adjusted sales price of between $180 and $185 million.