5 Reasons Why Your Zachary Louisiana House Didn’t Appraise For What You Thought it Should
5 Reasons Why Your House Didn’t Appraise For What You Thought it Should!
Excellent Article from my Appraiser Friend Tom Horn in Birmingham AL! Tom helps explain some of the myths in today’s housing markets. Although Tom is located in Birmingham AL, some of his points are valid. Baton Rouge may be in a better housing market environment though.
I Love These 2:
COST DOES NOT EQUAL VALUE!
AND
YOUR NEIGHBOR DID NOT TELL YOU THE TRUTH!
NO, Cost Does Not Equal Value. Installing Slab Granite Counters in a $300,000 subdivision makes a lot more sense to the market than installing it in a $100,000 first time home buyer market. The $35,000 IG Pool or $18,000 Metal Building on Slab with electricity might be worth only $5,000 to a buyer.
NO, Your neighbor was wrong! I get this each month where I’m doing an Appraisal and homeowner tells me the neighbor told them that such and such house sold across the street for $X amount of $. Or, there’s been 2 recent sales on our street for $X amount and they’re really only listings and not solds.
See on activerain.com
Millwood Creek Subdivision Tour By Zachary Louisiana Home Appraisers Appraisals
http://www.zacharylouisianarealestate.info/ – Millwood Creek Subdivision Tour By Zachary Louisiana Home Appraisers Appraisals.
Drive through tour of the homes in this subdivision off Highway 19 Plank Road in Zachary, very near The Bennett House and The Oaks of Zachary Subdivision. Millwood Creek generally has larger homes on larger than average size acreage lots.
http://www.youtube.com/watch?v=Ub0fqHNLhCA
Redwood Lake New Homes Subdivision By Zachary Louisiana Home Appraisers
http://www.zacharylouisianarealestate.info/ – Redwood Lake New Homes Subdivision By Zachary Louisiana Home Appraisers Appraisals. Drive through tour of the new DSLD Homes subdivision off Highway 19 Plank Road in Zachary, very near The Bennett House and The Oaks of Zachary Subdivisions.
http://www.youtube.com/watch?v=w7eDW7OnzsM
LAHomeowners.org- Louisiana Homeowner’s Resource Center
An all inclusive resource center for Louisiana homeowners. www.lahomeowners.org is your one-stop homeowner shop!
See on www.youtube.com
Zachary Louisiana Real Estate Blogger
http://www.zacharylouisianarealestate.info/ – Zachary Louisiana Real Estate Blogger is Bill Cobb Appraiser
Local Home Appraiser, Bill Cobb, has been appraising homes in the Zachary housing market since 1994 and blogged about this market since 2007 on the Baton Rouge Real Estate ActiveRain Network. Visit Zachary Louisiana Real Estate News for current housing market updates.
Pointe South Subdivision Zachary LA 70791 April 2012 Update
Pointe South Subdivision Quarterly 2012 Market Report
Pointe South Subdivision is located adjacent to the popular Copper Mill Golf Community in Zachary Louisiana. The Town of Zachary has THE TOP performing public school system in the State of Louisiana 5 years straight! Within Pointe South, homes range in size from 1,600sf up to 2,702sf per GBRMLS. Since 2010, there’s been 28 total sales from $188,500 up to $325,000, from $114/sf up to $138/sf.
SOLDS. Median Sales Prices are increasing into 2012, up from $239,700 in 2011 based on 12 sales to $258,000 in 2012 based on 4 sales. In 2011, average sales price per sq. ft. was $123.96 and in 2012 it’s $124.16. Average days on market is lower in 2012 at 46 days from 84 days in 2011. Homes are selling for 99% of listing prices as well.
LISTINGS. There are 6 current listings within GBRMLS, 3 active and 3 pending. Listing prices are $224,900 (a foreclosure), $229,000, $249,900, $250,000, $259,900 to $262,800 or $90/sf, $118/sf, $140/sf, $125/sf, $125/sf and $122/sf.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to April 19, 2012. This information was extracted on 04/19/2012. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
East Meadow Subdivision Zachary Louisiana April 2012 Audio Update
http://www.zacharylouisianarealestate.info/ – East Meadow Subdivision Zachary Louisiana April 2012 Audio Update. Generally, East Meadow support in 2011 based on 3 sales was $118/sf. In 2012, it’s jumped to $121.58/sf based on 3 sales.
This is 4982 Prairieview Drive, sold for $280,000 or $122.27/sf. 7/4/3 with 2,290sf with IG Pool.
This is 4982 Albert East Blvd, sold for $273,000 or $121.60/sf. 7/3/3 with 2,245/sf, Corner Lot.
This is 5097 Meadowland Ct, sold for $270,000 or $120.86/sf. 7/4/3 with 2,234sf with IG Pool and very large culdesac lot. This was a foreclosure I appraised in 2011 and sold 02/28/2012 for $20,000 more than listing price. It needed new interior paint and carpet.
This is 3576 Meadowland Ct, a pending listing for $290,000 or $127/sf. 7/4/2 with 2,290sf.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2011 to April 17, 2012. This information was extracted on 04/17/2012. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
The Oaks Of Zachary Subdivision Zachary Louisiana 70791 Audio Market Report.
http://www.zacharylouisianarealestate.info/ - The Oaks Of Zachary Subdivision Zachary Louisiana 70791 Market Report. In my opinion, The Oaks of Zachary is one of the most beautiful in the Zachary Housing Market!
This is a 2012 homes sales report for The Oaks of Zachary Subdivision in Zachary Louisiana 70791. In 2011, there were 10 home sales in GBRMLS with median sales price of $198,000 and $127/sf. In 2012, there’s been 1 sale for $207,500 or $131/sf.
Audio Report Is Below!
This is a Flickr link to approx. 40 photos inside this development: http://www.flickr.com/photos/billcobb/sets/72157629437790808/
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2011 to April 10, 2012. This information was extracted on 04/10/2012. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
