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The present value is based on what the current sales are within the area that the property is located. The best person to help you with this is your real estate agent as they have access to information that you do not. Once the agent has provided you with the information you make the best offer that you feel the property is worth to you and within reason of course.
The Zestimate is only a starting point. The "present value" will require carefully research of comparable properties that have sold in the last two or three months in the neighborhood
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For Sale: $549,900
For Sale: $510,000
For Sale: $509,000