Suppose that you are trying to estimate the price of a house using information from the market prices of several houses that were recently sold in an open market. All houses are the same except for the lot size and Nearby Park Space. Property A has 1 nearby park space, a lot size of 2500 square feet, and a selling price of $210,000. Property B has 4 nearby park spaces, a lot size of 5000 square feet, and a selling price of $290,000. Property C has 2 nearby parks, a lot size of 4000 square feet, and a selling price of $250,000. Property D has 5 nearby park spaces, a lot size of 4000 square feet and a selling price of $280,000.

a) If the market is in equilibrium, use this information to estimate the market value of a property which has 3 nearby park spaces, and a lot size of 3000 square feet

(Please explain calculation)