You have been asked to appraise the market value of a three-bedroom house with two bathrooms that is going to be sold tomorrow. You have found a comparison property that sold for $275,000 four weeks ago. It has three bedrooms and three bathrooms. You estimate values have been decreasing at a rate of $2,000 per week since that property transacted. Each bedroom is worth $30,000 and a bathroom is worth $15,000 in the respective market. what is your best estimate of the market price of the subject property tomorrow?
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