If a property has four bedrooms and a comparable property with three bedrooms sold for $225,000, what would the indicated value of the subject property be if each bedroom is valued at $30,000?

Study for the California Real Estate Broker Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare efficiently and effectively for your licensing exam!

To determine the indicated value of the subject property with four bedrooms based on the sale of a comparable property with three bedrooms, we start with the selling price of the comparable property, which is $225,000.

Since each bedroom is considered to add a value of $30,000, we need to assess how much additional value the extra bedroom in the subject property contributes. The subject property has one more bedroom than the comparable, which means it has a total of four bedrooms instead of three.

The additional bedroom adds $30,000 in value. Therefore, to find the indicated value of the subject property, we take the selling price of the comparable property and add the value of the additional bedroom.

Calculating this gives us: $225,000 (selling price of the comparable property) + $30,000 (value of the additional bedroom) = $255,000.

This aligns with the indicated value of the subject property being assessed. Therefore, the correct answer is $255,000.

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