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 (SF)	2,600	2,700	2,300	2,400
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.

QUESTION 20

How much is the adjustment for the time of sale of Comp 1?

QUESTION 21

How much is the adjustment for the size of Comp 3?

QUESTION 22

What is the adjusted price of Comp 3?

QUESTION 23

Using the sales comparison approach determine the market value of the subject property assuming that all three comps are weighted equally. (Round to the nearest thousand.)