In the sales comparison grid of the URAR, how should the proximity of a comparable property be indicated?

The correct answer emphasizes the importance of both the distance and the directional context when indicating the proximity of a comparable property within the sales comparison grid of the Uniform Residential Appraisal Report (URAR). Providing distance in miles along with the direction relative to the subject property helps appraisers and readers understand not just how far away the comparable property is, but also its geographic orientation.

This dual information is crucial because distance alone does not convey the potential impact of location factors that can affect property values, such as access to amenities, neighborhood characteristics, and local market conditions. By mentioning direction alongside the distance, the appraisal provides a more comprehensive assessment of how the comparable properties relate spatially to the subject property, facilitating better comparisons and analyses.

In contrast, options focusing solely on distance without direction are less informative. They fail to account for the practical implications of placement within the neighborhood or city, which are essential for accurate property valuation. Thus, indicating both distance in miles and direction ensures a complete understanding of the relationship between the properties being compared.