California Real Estate Practice Exam

Question: 1 / 740

If a comparable property sold for $235,000 with one less bathroom than the subject property, and the value of a bathroom is estimated to be $15,000, what is the indicated value of the subject property?

$220,000

$235,000

$250,000

In this scenario, we are given information about a comparable property that sold for $235,000 with one less bathroom than the subject property. We know that the value of a bathroom is estimated to be $15,000.

To find the indicated value of the subject property, we need to adjust the value of the comparable property based on the difference in bathrooms. Since the comparable property sold for $235,000 with one less bathroom, the value of that bathroom would be $15,000.

To calculate the indicated value of the subject property, we need to add the value of the missing bathroom to the price of the comparable property. Therefore, $235,000 + $15,000 = $250,000.

This is why the correct answer is C: $250,000.

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$265,000

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