Question: They are using a statistical model which gives the coefficients for the model: ( Bonus Question ) parcel area ( per sq . ft .

They are using a statistical model which gives the coefficients for the model:(Bonus Question)
parcel area (per sq. ft.)=7
area above the basement floor =190
bedrooms (each)=8,000
bathrooms (each)=15,000
double garage =30,000
single garage =16,000
decks per sq. ft.=20
gas heat =5000
Determine the assessed value of the property given the values below:
Parcel area: See attached drawing
Area above the basement floor is 5,000 sq. ft.
Property has3 bathrooms
Property has 5 bedrooms
Total deck area is2,000 sq ft
Property has 2 single car garages
Property has 1 double car garages
Notes:
A property can have a single plus a separate double garage.
Assume the building has gas heat.
Give your answer to the nearest dollar. If your answer is $496,871 enter the value of 496871

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