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Old 10-12-2015, 07:44 PM
 
1 posts, read 5,445 times
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Can anyone contribute viable information about value of # of car spaces?
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Old 10-12-2015, 09:51 PM
 
Location: Danbury CT covering all of Fairfield County
2,636 posts, read 7,430,245 times
Reputation: 1378
At least 5000 in my marekt, 70 minutes northeast of NYC
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Old 10-13-2015, 05:31 AM
 
Location: Lakewood Ranch, FL
5,662 posts, read 10,740,370 times
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Depends on the market but I think it is pretty much always going to be between $4/5K and $10K.
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Old 10-13-2015, 10:45 AM
 
Location: Salem, OR
15,575 posts, read 40,425,076 times
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$10k in my market between a two and three car garage.
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Old 10-13-2015, 11:18 AM
 
Location: Cary, NC
43,282 posts, read 77,092,464 times
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Price of the home matters.
High price, a 3 or 4 car is expected and is a major flaw if not available.
Low price home, not as much, and lower comp value.
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Old 10-14-2015, 07:03 AM
 
Location: MSP
442 posts, read 593,498 times
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Totally depends on your market. In some of my cities (Minneapolis-St. Paul suburbs), lack of a 3-car garage drops the value $10k-$15k. In some cities a 3-car detached brings the same value as a 2-car attached. And in some older suburbs, a 3-car tends to be a tandem second stall, so adds very little value at all.
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Old 10-15-2015, 09:44 AM
 
Location: Needham, MA
8,543 posts, read 14,020,436 times
Reputation: 7929
It's a very local thing. I couldn't tell you what a 3rd garage bay brings in value for a house in Carmichael, CA. As others have said, it's also different at different price points and perhaps even varies by the section of town you're in. I'm sure there has to be a real estate agent in your area that you can confer with.
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Old 10-15-2015, 11:06 AM
 
Location: Boise, ID
8,046 posts, read 28,472,904 times
Reputation: 9470
I believe appraisers give $4-5k value for a 3rd bay around here.
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Old 10-16-2015, 06:47 AM
 
Location: MID ATLANTIC
8,674 posts, read 22,913,903 times
Reputation: 10517
Assume DC burbs and value not > 650K
Single Family Detached - 10K for 2nd car place
TH or TH condo - 5K for 2nd car place
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Old 10-16-2015, 09:38 AM
 
1,835 posts, read 3,265,871 times
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Quote:
Originally Posted by MikeJaquish View Post
Price of the home matters.
High price, a 3 or 4 car is expected and is a major flaw if not available.
Low price home, not as much, and lower comp value.
THIS.

In my market NOT having a 3 car will cost you closer to $50, or $60K. It is expected.
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