Suppose you are asked to estimate the value of a 3 bedroom,…

Suppose you are asked to estimate the value of a 3 bedroom, 2 bathroom house bythe sales comparison approach. You have identified two houses that have recentlysold in the area. One of these houses has 4 bedrooms and 2 bathrooms and soldfor $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 ahouse in this market and that an additional bathroom adds $5,000 to the value ofhouse in this market. What is the indicated value of the subject property?