What is the value of a subject property given three comparables with specified adjustments for inflation and features?

The correct answer reflects a valuation process commonly used in real estate known as the comparable sales approach (or the market approach). This method involves analyzing the sale prices of similar properties in the same area, then adjusting those prices based on differences between the properties and the subject property.

In this situation, the subject property’s value is derived by making adjustments to the sale prices of the comparables for factors such as inflation, unique features, square footage, condition, location, and amenities. After these adjustments have been made, the appraiser derives a final value that accurately reflects the subject property's worth in the current market context.

Choosing the value of $86,400 indicates that the adjustments made to the comparables were calculated in a way that all relevant factors, including inflation and property features, have been taken into account to arrive at this figure. This price suggests that the subject property possesses characteristics or conditions that justify this particular valuation against the provided comparables, reflecting a well-analyzed and reasoned approach to property valuation.