A modular home is 47 x 31 feet; the garage is 20 x 24 feet. The land is valued at $80,000. Homes like this are selling for $75 per sq. ft., while garages are selling at $20 per sq. ft., excluding land. What is the estimated value of the property? (round to nearest $1,000)

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The modular home is 47 x 31 = 1,457 sq. ft., valued at $75 per sq. ft., totaling $109,275. The garage is 20 x 24 = 480 sq. ft., valued at $20 per sq. ft., totaling $9,600. Adding the land value of $80,000, the total estimated property value is $198,875, rounded to $199,000.

A Modular Home Is 47 X 31 Feet; the Garage