What is the indicated value of a subject property with three bathrooms, given a comparable property with two bathrooms sold for $235,000 and the value of a bathroom is estimated at $15,000?

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 a subject property with three bathrooms, we start with the value of a comparable property that has two bathrooms, which sold for $235,000. Since the value of an additional bathroom is estimated at $15,000, we can calculate the added value for the extra bathroom in the subject property.

The subject property has one more bathroom than the comparable property. Therefore, the additional value contributed by this extra bathroom can be calculated as:

1 additional bathroom x $15,000 per bathroom = $15,000.

Now, we add this amount to the sale price of the comparable property:

$235,000 (value of the comparable) + $15,000 (value of the additional bathroom) = $250,000.

Therefore, the correct indicated value of the subject property, which has three bathrooms, is $250,000. The choice labeled B shows this value, making it the correct answer. This illustration demonstrates how adjustments for differences in features such as the number of bathrooms can impact property valuations.

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