Case Study You have an appointment to list Mr. and Mrs. Duval's property and are trying to determine a listing price based on the direct comparison approach. On a previous visit, you compiled the following information The Duval property is a 3 bedroom bungalow with a 4 piece bathroom It is on a 55 x 135 foot lot with a double garage. There is a recreation room, a fireplace but no walkout, the size of the building is 121 square metres and the home is in a good location You have researched the following comparables 53 Conklin Street sold 5 months ago for $132,000 Building size is 125 sq m, there is a walkout basement and a fireplace The lot size is 52 x 130 feet and it has 1-4 piece bathroom. There is a recreation room, single garage and it is in a fair location It is similar to the subject in all other respects Sale #1 : 197 Atkinson Drive sold 3 months ago for $126,300 There is 1-4 piece bathroom and 1-2 piece washroom but no fireplace Building size is 126 sq.m. and lot size is 55 x 128 feet It has a single garage, no recreation room and is in a fair location It is similar to the subject in all other respects Sale #2 87 Maple Avenue sold 1 month ago for $138,000. Location is same as the subject and has a recreation room and fireplace Building size is 124 sq.m., lot size is 55 x 132 feet 1-4 piece bathroom and single car garage It is similar to the subject in all other respects Sale #3 Note the following Sale prices have risen gradually and evenly by a total of 6% over the last year Lots in the area sell for $1,200 per front foot Construction costs are $710 per square metre. 2-piece washrooms add $1,500 to value. . Single garages add $4,000 to value while double garages add $8,500 to value Finished recreation rooms add $5,000 to value. . A fair location is estimated to be worth $6,000 less than a good location. . Fireplaces add $4,000 to value . A walk out basement adds $3,500 to value Based on the information provided and using the direct comparison approach, answer the following four questions. Case Study You have an appointment to list Mr. and Mrs. Duval's property and are trying to determine a listing price based on the direct comparison approach. On a previous visit, you compiled the following information The Duval property is a 3 bedroom bungalow with a 4 piece bathroom It is on a 55 x 135 foot lot with a double garage. There is a recreation room, a fireplace but no walkout, the size of the building is 121 square metres and the home is in a good location You have researched the following comparables 53 Conklin Street sold 5 months ago for $132,000 Building size is 125 sq m, there is a walkout basement and a fireplace The lot size is 52 x 130 feet and it has 1-4 piece bathroom. There is a recreation room, single garage and it is in a fair location It is similar to the subject in all other respects Sale #1 : 197 Atkinson Drive sold 3 months ago for $126,300 There is 1-4 piece bathroom and 1-2 piece washroom but no fireplace Building size is 126 sq.m. and lot size is 55 x 128 feet It has a single garage, no recreation room and is in a fair location It is similar to the subject in all other respects Sale #2 87 Maple Avenue sold 1 month ago for $138,000. Location is same as the subject and has a recreation room and fireplace Building size is 124 sq.m., lot size is 55 x 132 feet 1-4 piece bathroom and single car garage It is similar to the subject in all other respects Sale #3 Note the following Sale prices have risen gradually and evenly by a total of 6% over the last year Lots in the area sell for $1,200 per front foot Construction costs are $710 per square metre. 2-piece washrooms add $1,500 to value. . Single garages add $4,000 to value while double garages add $8,500 to value Finished recreation rooms add $5,000 to value. . A fair location is estimated to be worth $6,000 less than a good location. . Fireplaces add $4,000 to value . A walk out basement adds $3,500 to value Based on the information provided and using the direct comparison approach, answer the following four questions