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Old 07-29-2012, 05:37 PM
 
Location: Not where I want to be
4,827 posts, read 6,944,527 times
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Hello.... I hope someone can help me.

I'm trying to find out the value of a particular house back in 1983. Are there any websites where I can get this info? The house wasn't sold at the time; it was purchased in 1972 or 1973 and still has the same owners.

Thanks!
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Old 07-29-2012, 05:59 PM
 
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Why?
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Old 07-29-2012, 06:27 PM
 
Location: NJ
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If it wasn't sold you are going to have to find similar houses that were and try and derive a value from that.
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Old 07-29-2012, 06:35 PM
 
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The best you can hope for now is assessed value at the time. You'll have to go pull the house records at the Clerk's office.

I'll ask why too.
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Old 07-29-2012, 06:38 PM
 
Location: NJ
17,579 posts, read 38,355,604 times
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Quote:
Originally Posted by ocngypz View Post
The best you can hope for now is assessed value at the time. You'll have to go pull the house records at the Clerk's office.

I'll ask why too.
And that could be completely meaningless depending on where the house is.
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Old 07-29-2012, 07:47 PM
 
Location: Needham, MA
6,326 posts, read 9,050,368 times
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Quote:
Originally Posted by manderly6 View Post
If it wasn't sold you are going to have to find similar houses that were and try and derive a value from that.
Even if you could get comps from the 80's you're talking about the pre-digital photo era. So, you wouldn't be able to make condition adjustments to the values because the listings wouldn't have interior photos.

My feeling is that there's no way to get an accurate value for the house unless it sold during that time period. Of course, as others have pointed out ahead of me, why would you want it?
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Old 07-29-2012, 09:27 PM
 
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The ability to get comps from almost 30 years ago is very restricted for a variety of reasons. Depending on why you need this, you could obtain historical data on average home prices during the time between the last sale in the 1970s and the date you need. Adjust the purchase price based on the average increase or decrease for the area during that time period. Not a great option, but better than pulling a number out of thin air.
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Old 07-30-2012, 06:51 AM
 
Location: Baltimore
1,759 posts, read 4,267,900 times
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It's $43
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Old 07-30-2012, 10:33 AM
 
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I'm not the OP, but I have to imagine that this isn't the first time that someone had to do somethign like this.

I'm guessing the reason why is regarding to an inheritance issue, the basis in the proprty gets adjusted to fair market value at the time of death. I'm assuming (perhaps incorrectly) that the OP is most lilkely selling the house now and will need to come up with a value plus improvments to compare to the selling price to determine the gain on sale and whether they owe taxes on it.
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Old 07-30-2012, 10:37 AM
 
4,630 posts, read 7,219,275 times
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Quote:
Originally Posted by Chrisk327 View Post
I'm not the OP, but I have to imagine that this isn't the first time that someone had to do somethign like this.

I'm guessing the reason why is regarding to an inheritance issue, the basis in the proprty gets adjusted to fair market value at the time of death. I'm assuming (perhaps incorrectly) that the OP is most lilkely selling the house now and will need to come up with a value plus improvments to compare to the selling price to determine the gain on sale and whether they owe taxes on it.
The selling price would be reflected in the Town records. Improvements... well.....that entails digging through the deceased's records... if they kept any.

Been there, done that. Pain in the backside!
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