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Old 02-24-2010, 11:09 AM
 
Location: Fairfax, VA
247 posts, read 1,142,156 times
Reputation: 88

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So I was just checking out the link to the 2010 real estate assesment site, and plugged in a friends address (only thing I could come up with of the top of my head). Under sales in the notes section, it says "handyman special/ below average condition". They are the 2nd owners of this house, it had been a rental before they purchased it. It was in great, but boring condition (all white walls, builder grade carpet, etc) when they took possesion. So what's with the handyman special thing? Does that mean the renters trashed it, and it was redone before they sold it? Or was it just seen as below average b/c it didn't contain the upgrades more commonly found in their neighborhood (granite, wood floors)? Do they get a lower assessed value b/c of this? Will that send warning flags up when they try to sell?
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Old 02-24-2010, 05:16 PM
 
12,022 posts, read 11,602,775 times
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It means that they didn't use the sales price in determining the value against which the subject property would be assessed taxes. You can check the yearly history of assessments by clicking "Values". You'll also find a clickable item called Neighborhood Sales. It'll provide a list of recent sales that the county used to determine the value for your friend's home. Most will have a notation that they considered the sale to be valid for consideration in calculating a comparable value for the home. Other sales will be disregarded as distress sales (foreclosures, sold by lender, etc.).
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