Mr. Lowry wants to appraise the value of his home by the Direct Market Comparison Approach. The following information has been gathered about three recent sales in his neighbourhood..

	Subject Property	Sale #1	Sale #2	Sale #3
Sale Price		$875,000	$820,000	$779,000
Sale Time		Recent	3 months ago	3 months ago
Lot Size	50 x 110	55 x 100	55 x 110	45x 105
House Size	3,000 s.f.	3200 s.f.	3,000 s.f.	3000 s.f.
Washrooms	3	2	3	1
Fireplace	Yes	Yes	No	Yes
Finished Rec Room	Yes	No	No	Yes
Walkout basement	No	Yes	Yes	Yes
Air Conditioning	Yes	Yes	No	No

Other Information of Mr. Lowrys property is given as follows;

Projected price increase per month 2% Projected increase started 6 months Land value per frontage foot $3,500 Space cost per foot ($1,000/100) $10.00 Air conditioning $4,000 Fireplace $5,500 Finished recreation room $10,800

Washroom $8,000

Walkout basement $10,000

Answer: Estimate the appraised value of Mr. Lowrys home.