Property Valuation
A Connecticut appraiser values a 2-bedroom condominium in a complex where 3-bedroom units sell for $480,000 and 1-bedroom units sell for $300,000. Using a linear interpolation between the comparable unit types, the 2-bedroom value is approximately:
A$390,000✓ Correct
B$360,000
C$420,000
D$450,000
Explanation
Using a midpoint between 1-bed ($300,000) and 3-bed ($480,000): ($300,000 + $480,000) ÷ 2 = $390,000. This is a simplification; an appraiser would use paired sales analysis, but $390,000 represents the midpoint estimate.
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