Thursday, July 31, 2014
     
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HOW TO READ A COMPARABLE SALES REPORT

The following is a brief explanation of how to read the KSCAMA (Kansas Computer Assisted Mass Appraisal) Sales Comparison Sheet. This sheet is most often referred to as the "comp sheet".

  • Your property is referred to as the "Subject" property and is listed on the left side of the Kansas Computer Assisted Mass Appraisal Sles Comparison Sheet (KSCAMA/ "Comp sheet").
  • The characteristics of the subject property are listed from top to bottom.
  • The comparable properties are listed to the right in the columns labeled "COMP 1", COMP 2, etc. The property characteristics for these comparable properties are also listed from top to bottom.

    The most common questions about the Kansas Computer Assisted Mass Appraisal Sles Comparison Sheet (KSCAMA/ "Comp Sheet") refer to what the row titles stand for. The following is a list that covers some of the most commonly asked questions.
     

LAND USE:
"Land use" is a term which describes the property's purpose:

  • 111-  single family residence
  • 112-  duplex
  • 119-  garden apartment

ATTIC:
This refers to an upper floor area smaller than a 1/2 story that has been determined to be living area. This does not include any unfinished attic area.

ROOMS-BED/ FAM/ TOT:
This is the listing of Bedrooms/ Family rooms/ Total rooms. This is the count of bedrooms above ground, family rooms not in basement, and total rooms above ground.

 
FULL BATH/ HA/ +/ TOT-FIX:
This is the listing of plumbing fixtures. Full bath is any 3-fixture bath. HA is for half bath, which is for any 2-fixture bath. + is for additional fixtures. Some examples of additional fixtures would be hot water heaters, kitchen sinks, bar sinks, laundrysinks, garden or spa tubs, etc. TOT-FIX is the total fixture count. This count includes all fixturesfrom full and half baths plus additional fixtures. Please note that we do not have a category for¾ baths, as we are only concerned with total fixtures.
 
HEAT:
This is where the heating and air system is listed. NONE indicates that there is notany heating system. NON-CENTRAL indicates that the dwelling has a system that is considered non-central for the area being heated. Examples of non-central systems include electric baseboard heaters, wall furnaces and certain floor furnace conditions. CENTRAL indicates that the property is serviced by a central heat-only system. CENTRAL/AIR indicates a central heat and air-conditioning system.
 
 
WBFP ST, OPN/ METAL FP:
This is where fireplaces are listed. WBFP is for Wood Burning Fireplace. ST is for number of masonry fireplace stacks. OPN is for number of fireplace openings. METAL FP is for pre-fabricated fireplaces.

BASEMENT:
This is where the "basement type" is listed.   These include FULL,   which indicates that the basement is 75% or more of the main portion of the house. PART is for a basement that is 25% to 75% of the main portion to the house. CRAWL is for crawl space only or for a basement area that is less than 25% of the main portion of the house.   SLAB
is for a home that is constructed on a concrete slab.

FINISHED BASEMENT:
This is the square feet of basement finish that is considered to be equal to or better than the quality of the finish of the main floor.
 

REC ROOM AREA:
This is the square feet of basement finish that is considered to be of lesser quality than that of the main floor.
 
 
GRADE/ CDU:
This is the quality of construction (Grade) and overall condition, desirability and utility rating (CDU) of the dwelling. Grades range from AA+ to E-. CDU ratings range from excellent to undesirable.
ndition of the dwelling giving consideration to the age of the dwelling. These ratings range from excellent to unsound. 
 
UPPER FLOOR AREA:
This is the square feet of all upper floor area.
 
 
MAIN FLOOR AREA:
This is the square feet of all main floor area including any additions which have living area.

 
TOTAL LIVING AREA:
Total living area (above grade) of the dwelling.


RCNLD- DWELLING (Cost Approach):
The estimated value of the dwelling based on current construction costs less an allowance for loss in value (depreciation) for all causes as determined from an analysis of the market. 
 
TOTAL OB&Y:
The estimated depreciated value of outbuildings and yard improvements;these include detached garages, sheds, patios, decks, carports,  etc.
.
 
LAND VALUE:
The value of the land as determined by the annual land analysis.

 
MARKET AVERAGE:
A composite estimate of value based on the statistical model.

 
ADJUSTED SALE:
Since the properties chosen as comparable sales will be used to estimate the value of the subject property, and since these properties are rarely if ever identical to the subject property, the sales price must be adjusted to account for these differences before they can be used as estimates of value. Any inflationary of deflationary trends in the local real estate market will also be reflected in the adjusted sales prices.

 
COMPARABILITY:
An indicator of the relative similarity of the sale properties to the subject property.

 
WEIGHTED ESTIMATE:
A weighted average of the adjusted sale prices, weighted by the degree of comparability.

 
PRIOR APPEAL/ CD:
If a value had been appealed, the year and type of the most recent appeal will be listed.

 
MARKET ESTIMATE:
The estimate of fair market value of the subject property based on the sales of comparable properties.

 


  

 

What is a
comp sheet?


The 
Kansas S
tate Computer Assisted Mass Appraisal
(
KSCAMA),
sales comparison sheet,
also known as the
comperable sales report
,
is most often referred to as the
"comp sheet".