Price Estimation and Down Payment 1478 34th Avenue, San Francisco CA is the addr

Question

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 price 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 price

Explanation / Answer

List price :-$15,15,000

Square footage:- 2,425

per sq.footage price = $624

Price change = 700 per sq foot

Thus total price change = 2425*700=$16,97,500

Actual selling price : $16,97,500

Price appreciation = (700-624)/700 = 10.8%

Downpayment : 20%

Then estimated downpayment := 1697000*20%= $3,39,400

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