PLEASE ANSWER THIS CASE STUDY QUESTION $200 DOLLARS

e Study You have an appointment to list Mr. and Mrs. Manell's property tonight and are trying to determine a listing price based on the direct comparison approach. On a previous visit, you compiled the following information. The Manelli property is a 3 bedroom bungalow with a single detached garage and is located backing onto other houses. The site measures 50 feet by 140 feet and the house is 1.750 square feet It has central air conditioning, 1-4pce bathroom and 1-2 pce washroom. There is a fireplace, but no recreation room. You have researched the following comparables: Sale #1: 48 Houston Street sold 3 months ago for $364,500. It has 2-4 piece bathrooms and a 1-2piece washroom, 47 foot by 140 lot and backs onto a ravine. It is 1,625 square feet in building size and has a double garage as well as a finished recreation room, fireplace and central air conditioning. It is similar to the subject in all other respects Sale #2: 76 Olive Avenue sold 5 months ago for $353,000. it has a 51 foot by 140 foot lot, is 1.900 square feet in building size and has a double garage. This property has no central air conditioning, no recreation room and no freplace. is similar to the subject in all other respects. Sale 3 172 Neptune Street sold 1 month ago for $340,000. It has no fireplace and is 1,700 square feet in building size. This property has a double garage. It is similar to the subject in all other respects. Note the following Selling prices have risen gradually and evenly by a total of 5% over the past 10 months. A $1.750 adjustment is needed for each front foot of lot A $55 per square foot adjustment is needed for differences in building sizes. Backing to a ravine is superior to backing onto other houses and sells for $10,000 more Each 4 piece bathroom adds $7,000 to value Central Air Conditioning adds $5,000 to value A fireplace adds $4,000 to value A double garage is worth $6.000 more than a single garage. A Recreation Room is worth $10,000 Based on the information provided and using the direct comparison approach, answer the following four questions