[jyl]

Last post then back to work -

One reason I did the study is because the houses here seem to be listed using total sq ft, including finished/unfinished basement sq ft and finished attic sq ft.

My theory was that finished basement sq ft should count for less than main floor sq ft, since it looks like a cave no matter what; that finished attic sq ft should count for less than main floor sq ft, since its odd-shaped and often only usable as a rumpus room for short people; that unfinished basement sq ft should count for much less since its bare concrete and usually lower ceilings; so that main floor sq ft should be more predictive than total (finished and unfinished) sq ft. To my surprise, not so - they were equally insignificant, statistically speaking.

Anyway, I used my regressions to estimate a range of values for this particular house, despite the questionable statistical validity, and find it is listed at $100K over the estimate value range. Plus it is, as I said, a corner lot on a semi-busy street, and also at the periphery of the highly desirable area rather than right smack in the heart of it. But its got that curb appeal.