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Author Question: Frank purchased his home in 1997 for $130,000. He added an addition costing $35,000. The current tax ... (Read 27 times)

joesmith1212

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Frank purchased his home in 1997 for $130,000. He added an addition costing $35,000. The current tax assessed value is $80,000 while the current market value is $185,000. If Frank's current mortgage balance is $95,000, his equity in his home is


◦ $130,000.
◦ $165,000.
◦ $90,000.
◦ $70,000.


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Marked as best answer by joesmith1212 on Apr 14, 2019

xthemafja

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