$4(60$ points$).$ Applegate Financial is attempting to determine the current market value of a residential property assuming fee simple ownership. Table $1$ presents information on the subject property and several recent $($fee simple$)$ transactions.

Make the following assumptions: larger homes increase price by $$150$ per square foot and house prices have increased by $0\mathrm{.}9\%$ per month $($compounded$)$ over the past year. Baldwin is the least desirable and Montgomery is the most desirable school district. Being in Fisher increases price by $$32,000$ relative to being in Baidwin, and being in Montgomery increases price by $$38,000$ relative to being in Baldwin. Also, if the subject property is sold today, personal property such as furniture and appliances worth $$16,000$ would be included and post$-$deal expenditures of $$41,000$ would be required by the purchaser $($where post$-$deal expenditures refer to expenditures made immediately after purchase$).$

The replacement cost for the house is $$178$ per square foot and the property's land is valued at $$423,000.$ Physical depreciation is estimated to be $6\mathrm{.}0$ percent of total replacement cost, functional obsolescence is estimated to be $5\mathrm{.}0$ percent of total replacement cost, and external obsolescence is estimated to be $$20,000.$

The subject property is in a community with a homestead exemption of $$75,000.$

Table $1$

$7$

a$.$ What is Applegate Einarial's, indicated opinion of value for the subject property based on the cost approach? Round your answer to the nearest dollar and write it in the box.

b$.$ Fill in table $2($one cell for each row $-$ with either an X and a brief explanation or a number$).$ Show your work in the workspace $($on following page$),$ which is important, especially for any possible partial credit.

Table $2$

$\backslash$table$[[$Property$,\backslash$table$[[$Put an X in the box if the property should be excluded from a$],[$sales comparative approach to valuing the subject property.$],[$Briefly explain why the property should be excluded.$]],\backslash$table$[[$Write the final adjusted value for each property that should$],[$be included in a sales comparison after tak

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ONLY USE THE IMAGE TO SOLVE THIS PROBLEM. THE TRANSCRIPT IS INCORRECT.