Final answer:
The indicated value of the subject property is calculated by determining 10% of the comparable's sale price of $350,000, which is $35,000, and subtracting it from the comparable's price. The indicated value is $315,000.
Step-by-step explanation:
If the comparable's location is 10% better than the subject location and it sold for $350,000, to find the indicated value of the subject property we need to calculate 10% of the comparable's sale price and then subtract that from the sale price to account for the less desirable location of the subject property.
First, calculate 10% of $350,000:
10% of $350,000 = 0.10 × $350,000 = $35,000
Next, subtract that amount from the comparable's sale price to find the subject property's value:
$350,000 - $35,000 = $315,000
Therefore, the indicated value of the subject property is $315,000.