Newbie: Updated Property Appraisal

[Stephen Marlin]

Greetings,

I am very new to the REI world and trying to learn as much as I can so I can dive into the pool and swim. I am working with the BP calculator as I want to practice analyzing deals based on the information I have.

I get to the appraised property value and I am stuck.  When I look at the county assessor site this property was last appraised in 2013.  It has since been fully renovated.  It is an old property that was originally built in 1929, I believe.  I don't want to plug in the 2013 appraisal number since it would be way off.

Any thoughts on how I should proceed would be most appreciated.  Thank you in advance.

STEPHEN