This is the same sort of analysis that banks ask RealtorsÂ® to perform when they are ready to list a foreclosure home or accept an offer on a short sale home. Hope that helps!
Best of Luck!
Michael Collins- SFR, BPOR
Broker - Rock Realty
Ask me about our Home Buyer Discounts!
My Trulia Blog:
The tax assessed value does not have any bearing on the current market value of homes. This is a value set by the town for tax purposes only. It is normally a set percentage of the town's appraised value which is not a true representation of the on-going market value of homes.
I wish you the best of luck.