The subject property has three bedrooms and a fireplace. Comparable a has 3 bedrooms and no fireplace, it is valued at $170,000. Comparable be has four bedrooms and a fireplace, it is valued at $185,000. A bedroom is valued at $20,000 and a fireplace is valued at $5,000. If you're using only two comparables, and appropriate range of values for the subject property would be:
A. $165,000 - $175,000
B. $175,000 - $205,000
C. $165,000 - $205,000
D. $180,000 - $190,000
Answer: A. $165,000 - $175,000
Business
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