Using the price data for several houses recently sold in a particular area, a real estate firm has identified the main characteristics that affect the prices of houses in that area. The characteristics identified include the living area, the number of bathrooms, whether the house has a fireplace, and how old the house is. The estimated slope coefficient for each of these characteristics and the constant term are as follows:

Use these above estimates to value a five-year-old house with a living area of 500 square meters, three bathrooms, and a fireplace.

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Coefficient in Euros per Unit 140,000 Characteristic Intercept Living area Number of bathrooms Fireplace Age of the house Units Square meters Number 0 or 1 Years 210 10,000 15,000 -6,000