The original value of the house when it was purchased was $450,000.
Let us assume the original value of the house was x. This means that the house has increased by 38% from x to become $621,000.
In order to find the original value therefore, you can use the formula:
Original value + (Original value x Increase) = Current price
x + (38% × x) = 621,000
1.38x = 621,000
x = 621,000 / 1.38
= $450,000
In conclusion, the original value was $450,000.
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