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Old 10-05-2009, 07:35 AM
 
2,479 posts, read 3,667,637 times
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I read on Trulia that the average price per square foot in my zip code is $117. I have a walk-out finished basement. Would the square footage for the basement be counted when they figure the average price per square foot?

Thanks for your help!
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Old 10-05-2009, 08:01 AM
Status: "Blueberry Pie!" (set 6 days ago)
 
Location: Cary, NC
20,319 posts, read 33,015,387 times
Reputation: 17443
Quote:
Originally Posted by staywarm2 View Post
I read on Trulia that the average price per square foot in my zip code is $117. I have a walk-out finished basement. Would the square footage for the basement be counted when they figure the average price per square foot?

Thanks for your help!
That is a local question.
I am comfortable to say that you will not get the same value, or even near the same value as above grade space, but someone from your area should pin it down a little better.
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Old 10-06-2009, 05:27 PM
 
Location: Barrington
21,420 posts, read 15,351,290 times
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Mr. Trulia and Mrs. Zillow do not know what's inside any home. The rely on your property tax records which treat such space, even in the same sub division, differently.
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Old 07-17-2013, 10:39 AM
 
1 posts, read 4,027 times
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what is average price in St of Missour to figure sq footage on houses.
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Old 07-23-2013, 11:14 PM
Status: "Never underestimate the power of human stupidity" (set 21 days ago)
 
Location: Pawnee Nation
7,300 posts, read 10,372,730 times
Reputation: 6631
Quote:
Originally Posted by staywarm2 View Post
Would the square footage for the basement be counted when they figure the average price per square foot?
No.

From AMERICAN NATIONAL STANDARD FOR SINGLE-FAMILY RESIDENTIAL BUILDINGS
SQUARE FOOTAGE–METHOD FOR CALCULATING: ANSI Z765-2003
Quote:
Above- and Below-Grade Finished Areas
The above-grade finished square footage of a house is the sum of finished areas on levels that are entirely above grade. The below-grade finished square footage of a house is the sum of finished areas on levels that are wholly or partly below grade.
Quote:
This standard makes a clear delineation between above-grade square footage and below-grade square footage; no statement of a house’s square footage can be made without that clear and separate distinction.
Quote:
© 2003 NAHB RESEARCH CENTER
400 PRINCE GEORGE’S BLVD.
UPPER MARLBORO, MD 20774
1-800-638-8556
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Old 07-24-2013, 09:59 AM
 
Location: Needham, MA
3,938 posts, read 3,768,667 times
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Quote:
Originally Posted by Goodpasture View Post
No.

From AMERICAN NATIONAL STANDARD FOR SINGLE-FAMILY RESIDENTIAL BUILDINGS
SQUARE FOOTAGE–METHOD FOR CALCULATING: ANSI Z765-2003
You would be correct if one could assume that Zillow, Trulia, etc are harvesting their square footage data from sources that comply with this standard. Frankly, it's a mystery to me where these sites often get information from because it's frequently wrong data.
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Old 07-24-2013, 10:03 AM
 
Location: Inman Park (Atlanta, GA)
20,191 posts, read 8,547,715 times
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Quote:
Originally Posted by MikePRU View Post
You would be correct if one could assume that Zillow, Trulia, etc are harvesting their square footage data from sources that comply with this standard. Frankly, it's a mystery to me where these sites often get information from because it's frequently wrong data.
I think they use a Magic 8 Ball....

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Old 07-24-2013, 11:41 AM
 
Location: The Triad (nc)
18,525 posts, read 26,366,438 times
Reputation: 15880
Quote:
Originally Posted by MikePRU View Post
...harvesting their square footage data from sources that comply with this standard.
Frankly, it's a mystery to me where these sites often get information from...
Really? How about language right on the MLS listings?
And yeah, as it is a misrepresentation it is indeed wrong.
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Old 07-24-2013, 12:08 PM
 
45,064 posts, read 49,749,024 times
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Quote:
Originally Posted by MikePRU View Post
You would be correct if one could assume that Zillow, Trulia, etc are harvesting their square footage data from sources that comply with this standard. Frankly, it's a mystery to me where these sites often get information from because it's frequently wrong data.
Sqaure footage;the local tax office who gets it from Abstract office where the property is listed from time it was built plus any addition made with permits.
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Old 07-24-2013, 03:45 PM
 
Location: The Berk in Denver, CO USA
7,723 posts, read 6,920,365 times
Reputation: 8362
Default I prefer

median price per kilogram.
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