- This topic has 23 replies, 6 voices, and was last updated 16 years, 8 months ago by SD Realtor.
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August 12, 2007 at 9:20 PM #74187August 12, 2007 at 9:41 PM #74065cashflowParticipant
I think we looked at that one too during the last auction…is anyone planning on going to the upcoming auction this month?
August 12, 2007 at 9:41 PM #74184cashflowParticipantI think we looked at that one too during the last auction…is anyone planning on going to the upcoming auction this month?
August 12, 2007 at 9:41 PM #74190cashflowParticipantI think we looked at that one too during the last auction…is anyone planning on going to the upcoming auction this month?
September 10, 2007 at 3:39 PM #84084anParticipanthey SD Realtor, do you have any update on this? It’s now off the market but base on Zillow, it was sold on June 1st for $614,500. That’s the price they paid for it… winning bid was $585k + 5% auction fee = $615k. Since I see the sold price, will the auction price affect comp?
September 10, 2007 at 4:51 PM #84090pencilneckParticipantI’m not a realtor, but yes Dataquick shows $615k as the sale price so it should certainly affect comps.
Also the assessed value is: $731,701
I’m at a loss as to why the property was assessed so much higher than the sale price. Does anyone know if its difficult lowering assessed values, and can anyone venture to guess why the assessed value would be so high to begin with?
September 10, 2007 at 4:52 PM #84092anParticipantBased on the assessed info on Zillow, it seems that # came from the original sale of $690k in 2004 and increase a little bit each year due to prop 13 for the last 3 years. The auction price hasn’t reset the assessed value yet I’d assume.
September 10, 2007 at 4:57 PM #84095NotCrankyParticipantThat assessment is for the current tax year.It will be reassessed for the next tax year and a refund will proceed with a supplemental tax statement retro-active to the sale.( I may get corrected on the refund part)
September 10, 2007 at 10:09 PM #84126SD RealtorParticipantHi An
Yep ol David Markel the broker gave up and put the home in Withdrawn status on 9/2/07. He was at 639-651k when he pulled it off the market. As Rustico said the reassessment will not show up until the the next tax cycle.
SD Realtor
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