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Larry Solomon paid $ 6 0 , 0 0 0 for a home 1 0 years ago. The unpaid mortgage on the home is $
Larry Solomon paid $ for a home years ago. The unpaid mortgage on the home is
$ Larry estimates the current value of the home to be $ This estimate is partially
based on the selling price of homes recently sold in the neighborhood. Larry's home is assessed
for tax purposes at $ Assessments in the area average onehalf of market value. The
house has not been inspected for assessment during the past two years. Larry would sell through
a broker, who would charge of the selling price.
What is the estimated current value of the home?
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