QUESTION 1 Suppose you are estimating the market value of a single-family home located in Glen Carbon. You have identified three comparable properties that you will use in your analysis. Relevant information is shown below: Subject Comp 1 Comp 2 Comp 3 Price N/A 385.000 340,000 330,000 Time of Sale N/A Today 3 mo ago 6 mo. ago Size 2.600 sf 2.700 sf 2.300 sf 2.400 sf Bathrooms 4 5 4 3 Pool Yes Yes Yes No Real estate prices have increased over the past year. A $1,000 adjustment is warranted for each month. An additional square foot of space is estimated to be worth $50. An additional bathroom is worth $7.000. A pool is worth $15.000. Using the sales comparison approach, determine the market value of the subject property assuming all three comparable properties are weighted equally. (Round to the nearest thousand.)