Hello,
I purchased the house in 2014 for $500,000 ( Land value was 95,000 and remaining was Improvements).
I rented the house in 2023 (last year 1st time) if I sell that house at that time it would be around $850,000 (estimates from Zillow and Redfin)
How do i calculate Fair market value ? Which provides breakdown for Land and Improvements?
TT is very confusing in navigating this.
Regards
R
