Real Estate Math
A house has 1,800 sq ft of gross living area. Two comparable homes sold at an average of $145 per sq ft. What is the estimated value of the subject?
A$261,000✓ Correct
B$256,000
C$250,000
D$270,000
Explanation
Estimated value = 1,800 sq ft × $145/sq ft = $261,000. Using the values given ($145), apply the appropriate formula..
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