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PAGE 2 OF 8 6 : 1 8 / 1 5 0 : 0 0 1 1 . An appraiser has been hired to determine

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11. An appraiser has been hired to determine the value of a residential property. The property has 4 bedrooms and 3 baths. He has found two comparable properties in the neighborhood. The first is a 3 bedroom house with 3 baths. The second is a 4 bedroom house with 3-12 baths. The first sold for $347,500. The second sold for $355,500. The appraiser has determined that the extra bedroom is worth $5,000. The half bath is worth $3000. What is the value of the subject property?
(a) $350,000.00
(b) $349,500.00
(c) $352,500.00
(d) $358,500.00
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