Imagine 5 years from now, she could go to school and add $90K in debt or she could enter the work force and make $200,000.

This will be a primary residence for us and we'd imagine doing the condo conversion would add equity to the property.

Purchase price: $800,000 Cash invested: $240,000 Sale price: $1,499,500 Contributors: Vlad Tselnik, Victoria Loder View this stunningly re-imagined home in Wallingford with majestic Seattle views!

I imagine a bunch of nerdy guys in a basement doing research for 18 hours a day drinking mountain dew.

Grr...as you can imagine my frustration.

I am imagining myself in your shoes.

You can imagine what the place smelled like after 2 weeks of unattended cats.

It has more "drama" and headaches than I would have ever imagined.  

@Easton Enge, I imagine that the answer is "yes", with the proviso that you are using the correct formula for a single family home, which of course is largely guesswork anyway, because every property is unique, and the market value depends on who is looking to buy on any given day and how much they can afford, and how good the selling Agent is, and how desperate you as the Seller is at the time, and how much the Buyers have researched the comps, and (should I go on)?... 

I don't know how much the back taxes are on the place but I would imagine they can't be close to the value.