Zillow, Trulia or a real estate professional may be able to give you the fair market value of the property in October of 2019. Make sure that you keep a paper copy of whatever you used to justify your fair market value declaration.
It sounds like you are reporting a 'sale' of rental property but there is no 1099-C, etc paperwork available to establish valuation. If your loan of $379,000 was forgiven, that could be income to you.
Do not use the $1 figure. I am not a lawyer, but I understand that the $1 consideration clause allows a legal agreement to be deemed legally binding.
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