We bought the house in 2003 for $246,000. We've done repairs, but no additions, etc. Our mortgage was originally $150,000, 30 year term and the rate was 5.25%. We refinanced three years ago for $90,000 (15-year term and a rate of 3.5%). The current balance is $75,564. The last time I thought about the house value was while settling Joe's estate. Olivia (my daughter) filed the estate paperwork, and the house was valued at $700,000. I spoke with a Realtor this week who did a market analysis. She thinks it will sell for $800,000. Her commission is 6% of the selling price. Based on the details Elena shared with you regarding the potential house sale, please identify the capital gain that would be recognized if she sells the house for $800,000 in one month. Please show your calculations and explain your