Given the Following Information, Determine the Value of Having an Additional

Given the following information, determine the value of having an additional bedroom. Assume that the comparable properties are similar in all other attributes besides those listed in the table below. $\begin{array}{l|c|c|c|c} & \text { Comparable 1 } & \text { Comparable 2 } & \text { Comparable 3 } & \text { Comparable 4 } \\\hline \text { Time Sold } & \text { Today } & \text { Year Ago } & \text { Today } & 1 \text { Year Ago } \\\hline \text { Bathrooms } & 2 & 2 & 2 & 3 \\\hline \text { Bedrooms } & 3 & 3 & 4 & 3 \\\hline \text { Sale Price } & \$ 375,000 & \$ 365,000 & \$ 380,000 & \$ 367,500\end{array}$

A) $2,500
B) $5,000
C) $7,500
D) $10,000

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free