According to www.dat.state.md.us, here are all the sales on Abell Avenue (where I live) in 2007: Date Address Price 10/17/07 3042 ABELL AVE 0 10/10/07 3019 ABELL AVE 275,000 9/25/07 3107 ABELL AVE 280,000 8/20/07 3245 ABELL AVE 275,000 8/17/07 3028 ABELL AVE 264,000 8/16/07 3309 ABELL AVE 283,000 8/16/07 3307 ABELL AVE 174,900 7/25/07 3307 ABELL AVE 140,000 7/23/07 3236 ABELL AVE 268,000 6/14/07 3136 ABELL AVE 235,000 6/12/07 3043 ABELL AVE 281,000 5/8/07 3202 ABELL AVE 0 4/9/07 3205 ABELL AVE 280,000 1/4/07 3006 ABELL AVE 0
Presumably the zeros are refinances. So there were 11 sales, of which eight were above $260,000 My reassessment takes me from $89,720 to $246,080. On the one hand, this is incredible. On the other hand, this is apparently probably less than my house is worth. So it doesn't seem likely that I could successfully appeal the new assesssment. One thing that will be interesting to see is whether the new higher assessments will have a negative effect on sales prices, since new owners pay the full valuation with no 4%-per-year cap. Happy 2008... -Matthew In a message dated 12/31/07 11:12:06 PM, [EMAIL PROTECTED] writes: > Our home in Parkville climbed from an actual sale price of $121k in 2002 to > appraised value of $198k today, or about 8.5% per year over six years. > > From its sale in 1992 at $102k to my purchase in 2002 the price of the home > raised by only $18,150, or 1.6% per year over ten years. > > I can't imagine that I would get that much on the open market today (if it > were possible to sell at all -- some neighbors have been on the market for > over 12 months now), but comparable properties that _have_ sold went for no > less > than $200k in the last 12 months, so it's hard for me to pull an example > from recent local real estate transactions that proves the new valuation is > poorly founded. > > Is it reasonable to protest the increase on the basis that my house is not a > better investment vehicle than my 401(k) in the dot com boom? This is > housing bubble logic, pure and simple. > > -- > Rob Carlson [EMAIL PROTECTED] http://vees.net/ > > > > On Dec 31, 2007, at 9:27 PM, JASON GOUCHER wrote: > > > Hi, Fellow Charles Village Homeowners! > Anyone else feeling pummeled after receiving their recent Assessment > Notices? > We received ours today and our new market value is MORE THAN DOUBLED from > the previous assessment notice three years ago. Most alarming to me is the > land valuation MORE THAN TRIPLING from the previous assessment. > I don't know about anyone else's perception, but living on North Calvert > Street has not gotten any quieter, cleaner, or less traveled over the past > three years. In fact, we are still reeling and dealing with the aftermath of > the > recent sewer installation that had us enjoying a very large and deep pit on > the side of our home for the first quarter of 07. > Jason and I are obviously appealing this assessment, but were just > wondering what others were thinking or planning to do in response to their > most > recent valuations/assessments? > > Despite this most recent affront from the City and State...really, Happy > New Year to everyone! Cheers to the Village! > > Cathy Goucher > > _______________________________________________ > Chat mailing list > [email protected] > http://charlesvillage.info/mailman/listinfo/chat_charlesvillage.info > archive: http://www.mail-archive.com/[email protected]/ > > > > = > > _______________________________________________ > Chat mailing list > [email protected] > http://charlesvillage.info/mailman/listinfo/chat_charlesvillage.info > archive: http://www.mail-archive.com/[email protected]/ > ************************************** See AOL's top rated recipes (http://food.aol.com/top-rated-recipes?NCID=aoltop00030000000004)
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