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On 6/30/2006, your neighbor's house (which is very similar to your house in all respects) sold for $236,000. Looking in the county's tax records, you
On 6/30/2006, your neighbor's house (which is very similar to your house in all respects) sold for $236,000. Looking in the county's tax records, you found that your neighbor purchased the property on 10/30/2005 for $220,000. Given your knowledge about appraisal adjustments for market conditions and assuming today's date is 9/30/2006, you would thus estimate the current market price of your house to be in what range (rounded)?
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