question archive Given the following information, determine the value of having an additional bathroom
Given the following information, determine the value of having an additional bathroom
Subject:FinancePrice:2.86 Bought12
Given the following information, determine the value of having an additional bathroom. Assume that the comparable properties are similar in all other attributes besides those listed in the table below.
|
Comparable 1 |
Comparable 2 |
Comparable 3 |
Comparable 4 |
|
|
Time sold |
Today |
1 year ago |
Today |
Today |
|
Bathrooms |
1 |
1 |
2 |
2 |
|
Size |
3500 sq. ft |
3000 sq. ft. |
3500 sq. ft |
3000 sq. ft. |
|
Sale price |
$152,000 |
140,000 |
$163,500 |
$158,000 |
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Value of an additional bathroom=Value of Comparable 3-Value of Comparable 1=163500-152000
=11500.00
