10. Mr. Creary has hired you to estimate a selling price for his house using the direct market comparison method. You have compiled the following information: Features Creary's House Sale 1 Sale 2 Sale 3 Sale Price N/A $475,000 $420,000 $439,000 Sale Time N/A Recent 2 months ago 3 months ago Lot Size 45' x 110' 50' x 100' 55' x 100' 40' x 105' House Size 3000 s.f. 3500 s.f. 3200 s.f. 3000 s.f. Washrooms 3 3 2 2 Fireplace Yes Yes No Yes Finished Rec. Room Yes No No Yes Walkout basement No Yes Yes Yes Air Conditioning Yes Yes Yes No Additional information of Mr. Greary's property is given as follows: (i) Projected price increase per month: 3% (ii) Projected increase started: 6 months (iii) Frontage cost per foot: $2,500 (iv) Space cost per foot ($1,000/100): $10.00 (v ) Air conditioning: $2,000 ( vi) Fireplace: $5,500 (vii) Finished recreation room: $9,800 (viii) Washroom: $8,000 (ix) Walkout basement: $10,000 Required: Estimate the selling price of Mr. Maxi's house