estimated the house at $50,000 [estimate?]

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Senior Member
Bulgarian - Yellow Beach
MacMillans definitions confused me again. Can I say "The bank estimated the old house at $50,000".? Is it appropriate to use "estimate" in this context or "value" would make more sense?

P.S For some reason "estimate" sounds weird to me, but according to what I read minutes ago I think it might work.

Thank you
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