Let the original price of the property be $x$.

We are told that the property was sold for 113% of the original price, and that the selling price was $258,716.

This can be represented by the equation: $1.13x = 258716$

Now, solve for $x$ (the original price):

$x = \frac{258716}{1.13}$

Let me calculate that for you.The original price of the property was $228,952.21.

Would you like more details on the calculation or have any further questions?

Here are 5 related questions to consider:

1. How would the original price change if the property sold for 120% of its original value?
2. What would be the percentage increase if the property was sold for $300,000 instead?
3. How can you calculate the percentage profit from the sale price and original price?
4. If the property had been sold for $200,000, what would be the original price assuming 113% of the original value?
5. How does a percentage over 100% affect the original price in real estate investments?

Tip: When dealing with percentages over 100%, you're calculating an increase, so always subtract 100 to find the percentage gain.