There is a 130 x 50 foot lot in city of 90,000 population located near downtown, in older subdivision areas of homes built anywhere from the 1940's to modern. I went to the tax appraisal site for the county and found that it's taxed value is $20k, and market value is the same, because a home was removed from the site. The seller purchased the lot in January 2006 and is now selling it at 79k. I believe that the seller may have purchased the lot to include the home, which had a market value BEFORE just being taxed for the lot at $35k.
Question:
What would be a fair price to offer the Seller? There are two other lots, outside the city, that are acre sized at $75k each. The costs of properties have been escallating for the last 3 yrs, and I will be - again - out of the market if the price I have to pay is over $40k...if I'm to be able to get a home. I have to build a home bc my hubby needs a disabled-friendly home for wheelchair use. This has become mandatory-to build. No choice.
2007-08-04
11:02:54
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4 answers
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asked by
YRofTexas
6