A broker is performing a broker price opinion on a 1,800 square foot home. The broker identified

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A broker is performing a broker price opinion on a 1,800 square foot home. The broker identified 3 similar properties that sold in the past year. Appreciation for the neighborhood as been at 5% per year.

Comparable 1 has 1,900 square feet and sold for $195,000 three months ago.

Comparable 2 has 1,750 square feet and sold for $181,000 five months ago.

Comparable 3 has 1,850 square feet and sold for $184,500 nine months ago.

The market indicates that an appropriate square footage value is $85 per square foot.

What is the indicated range of value for the subject house, rounded to the nearest hundred?

Related Book For answer-question

Real Estate Principles A Value Approach

ISBN: 978-0077836368

5th edition

Authors: David C Ling, Wayne Archer

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Posted Date: Oct 12, 2023 12:44 AM

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A broker is performing a broker price opinion on a 1,800 square foot home. The broker identified

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Real Estate Principles A Value Approach

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