California Real Estate Practice Exam

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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
$265,000

The correct answer is: $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.