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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