Newbie trying to understanding analysis

[Alex Moseman]

HI,

I am trying to get into the real estate investment game... from a long distance away. I have what may be a very basic question, but I noticed this property on trulia https://www.trulia.com/p/mn/white-bear-lake/4671-b... that looked interesting. I started trying to get some details on it through the local county website ( https://beacon.schneidercorp.com/application.aspx?... ) and noticed that the estimated market value for taxation is about $60,000 below the asking price. I know there are a number of factors that relate to pricing a house other than tax assessment, but cash flow and ARV aside, is $230k as an offer, too high or too low? It's hard to tell who is right in these kinds of equations . Any help is greatly appreciated.

Best,

Alex