Assume that you are in the market to buy a carraige house. You see a house that you like and it measures 4,000 SF. The owner wants you to make her an offer and you are trying to come up with a fair estimate of its value. You find the following information related to recent sales of comparable carraige houses: A sold for $10.1M and measured 6,000 SF; B sold for $5.7M and measured 3,000 SF; C sold for $5,85M and measured 3,000 SF; D sold for $4.8M and measured 3,000 SF; and E sold for $4.8M and measured 3,000 SF. Using the average sales price / SF of this comp set, what is a fair estimate of the house that you like?

$9.68M

$6.98M

$6.66M

$6.25M