Question

An agent is listing a 2 story property which measures 26’X28’. Comparable properties are selling for $143 dollars per square foot plus $54,350 land. What is the value of the listing?

Answer 1

`26ft*28ft=728ft^2`

Multiply this result by two (it's a 2-story house); then, multiply it by the cost per square foot and add the land cost.

`\begin{gathered} V=2\cdot728\cdot143+54350 \\ \Rightarrow V=262558 \end{gathered}`

Then, the value of the listing is $262558