Real Estate Course Price Estimation and Down Payment 1478 34th Avenue, San Franc
ID: 2560142 • Letter: R
Question
Real Estate Course
Price Estimation and Down Payment 1478 34th Avenue, San Francisco CA is the address for a house in San Francisco's Sunset District. The list price is $1,515,000 and the square footage is 2425 square feet. Assume that prices have gone for $700.00 per square foot. What would be the estimated actual selling price? How much of a price appreciation would this be over list? Assume the downpayment would be for 20% What would be the estimated downpayment? Use your estimated actual selling priceExplanation / Answer
Estimated actual selling price = price per square foot * no. of square foot
=700*2425
=$1697500
The price appreciation be : selling price - list price
=$1697500-$1515000
=$182500
Down payment = 20% of selling price
=1697500*20%
=$339500
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