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Business, 09.04.2020 00:58 meaganblatcher

Suppose you are asked to estimate the value of a 3 bedroom, 2 bathroom house by the sales comparison approach. You have identified two houses that have recently sold in the area. One of these houses has 4 bedrooms and 2 bathrooms and sold for $215,000. The other has 4 bedrooms and 3 bathrooms and sold for $220,000. Your research reveals that an additional bedroom adds $16,000 to the value of a house in this market and that an additional bathroom adds $5,000 to the value of house in this market. What is the indicated value of the subject property?

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