If a home sold for $250,000 with a garage and another for $230,000 without a garage, what can you infer about the value of the garage?

To determine the value of the garage based on the sale prices of the homes, it is essential to consider the difference in price between the two homes. The home with the garage sold for $250,000, while the one without the garage sold for $230,000.

Calculating the difference:

$250,000 - $230,000 = $20,000

This difference suggests that the garage adds a value of $20,000 to the overall property price. In real estate, features like garages can significantly impact buyer decisions and home valuations, and this comparison clearly indicates a tangible monetary worth assigned to the garage. Therefore, it can be inferred that the value of the garage is $20,000.

This reasoning aligns perfectly with the correct answer, emphasizing how a direct price comparison between similar properties can reveal the value of specific features.