Using price data from several recent housing transactions in a particular area, Polaris Real Estate Group has identified the main characteristics that affect prices. The estimated value impact of each characteristic, as well as a standard base price, is as follows:

Characteristic	Units	Impact
base price		$125,000
living area	square feet	$35/square foot
number of bathrooms	number	$8,000/bathroom
Age of Home	Years	-$6,000/year

Using the above values, estimate a price for a five-year-old home that has a living area of 1,500 square feet and two bathrooms.