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

question 27

Multiple Choice

Given the following information, determine the value of having an additional bathroom. Assume that the comparable properties are similar in all other attributes besides those listed in the table below. $$\begin{array} { | l | c | c | c | c | } \hline & \text { Comparable 1 } & \text { Comparable } 2 & \text { Comparable 3 } & \text { Comparable 4 } \\\hline \text { Time Sold } & \text { Today } & 1 \text { Year Apo } & \text { Today } & \text { Today } \\\hline \text { Bathrooms } & 1 & 1 & \mathbf { 2 } & \mathbf { 2 } \\\hline \text { Size } & 3500 \mathrm { sq } . \mathrm { ft } & \mathbf { 3 0 0 0 ~ s q . ~ f t . } & 3500 \mathrm { sq } . \mathrm { ft } & \mathbf { 3 0 0 0 } \mathrm { sq } . \mathrm { ft } \\\hline \text { Sale Price } & \$ 150,000 & 140,000 & \$ 160,000 & \$ 156,000 \\\hline\end{array}$$

• A) $4,000
• B) $6,000
• C) $10,000
• D) $16,000

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