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Question
Given the following information, determine the value of having an additional 500 square feet of living space. 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 | Today | 1 Year Ago | Today |
| Bathrooms | 1 | 1 | 2 | 2 |
| Size | 3500 sq. ft | 3000 sq. ft. | 3500 sq. ft | 3000 sq. ft. |
| Sale Price | $150,000 | 140,000 | $160,000 | $156,000 |
A. $4,000
B. $6,000
C. $10,000
D. $16,000
Answer
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Related questions
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