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Old 02-25-2012, 03:01 PM
 
Location: Twin Cities
302 posts, read 726,733 times
Reputation: 330

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Hello. I purchased a home in Bloomington, MN in August last year (2011). Every document I saw (including the listing) said that the home's lot size was .44 acre (an "oversized" lot for Bloomington). Today I was speaking to someone in the city assessors office to ask about a building permit and when she pulled up the Property Data sheet on my home it showed that the parcel size is actually .59 acre. She said that THIS (.59) would be accurate (not .44).

How could the listing etc been so off?? Would this (slight) increase in size have made it worth more??
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Old 02-25-2012, 03:45 PM
 
Location: NJ
17,573 posts, read 46,126,539 times
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Did you have a survey done?
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Old 02-25-2012, 03:55 PM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,957 posts, read 22,302,067 times
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Quote:
Originally Posted by MSMCGirl View Post

Would this (slight) increase in size have made it worth more??
Probably not. Even if it did, the error is in your favor when you go to sell.

I'd also look at the map of your subdivision where the accurate measurement is most likely to be found. Pulled off of a property data sheet, versus off of the actual map, my money is on the map and perhaps a data entry error in the property data sheet.
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Old 02-25-2012, 09:38 PM
 
Location: Twin Cities
302 posts, read 726,733 times
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No...I didn't get a survey because quite honestly I would have preferred a smaller lot!! So lot size didn't matter and I thought .44 was too big! But I loved the house...
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Old 02-26-2012, 10:01 AM
 
Location: Lexington, SC
4,281 posts, read 12,663,203 times
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I do not see it as an issue. It works in your favor, you have more land. Might be as simple as one did not count say a utility right of way/easement.

When I bought my last home, there had been an option of a room over the garage. I ordered the room but somehow it seemed to be have not been recorded in county records. We are talking some 250sq ft. We made sure the 250sq ft was included in the real estate listing.
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Old 02-26-2012, 10:04 AM
 
Location: DFW
40,952 posts, read 49,155,879 times
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Funny... if it was a little smaller a buyer would want to sue, since it's bigger do you owe the seller extra money ?
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Old 02-27-2012, 08:55 AM
 
Location: Columbia, SC
10,966 posts, read 21,972,507 times
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Get a survey to be sure, but congrats. Could work in your favor, but doubt it makes a financial difference.
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Old 02-27-2012, 11:00 AM
 
Location: NJ
17,573 posts, read 46,126,539 times
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Quote:
Originally Posted by MSMCGirl View Post
No...I didn't get a survey because quite honestly I would have preferred a smaller lot!! So lot size didn't matter and I thought .44 was too big! But I loved the house...
Are you upset that is turned out to be larger?
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Old 02-27-2012, 01:55 PM
 
Location: Barrington
63,919 posts, read 46,707,495 times
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There's a 50-50, the assessor's records could be mistaken.

What if this lot is only .44 acre and you are paying property taxes on .59 acre?

In my neck of the woods, there would not be a difference in market value on resale between a .44 and .59 acre. Your milage may vary.
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Old 02-29-2012, 09:16 AM
 
Location: U.S.
3,989 posts, read 6,573,136 times
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^^ When my sister bought her house a few years ago, I noticed that it was listed as .55 acres on the towns property records site and I remember thinking, no way that the house was .55 acres. Turns out, it was actually .33 acres and yes, that did change the $$ in taxes that would have to be paid....
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