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Old 07-06-2008, 10:58 AM
 
Location: East Tennessee
3,928 posts, read 11,595,928 times
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According to Mid Florida MLS, the average price per square foot sold in the past 60 days in Grand Hampton is $128.56. Of course, the size of the home and number of upgrades are factors that create variances.

Also, market values from the county property appraiser are calcuated for tax purposes. The values are a little closer to reality in newer communities, but in older communities where save our homes has been in effect from 1995, you will see variances in the tens of thousands as in my 1980's neighborhood. So, during volatile markets such as we have today, re-casting market value only once per year by the county property appraisers can be deceiving. Please note that market value and assessed value can have wide margins and should not be used comparatively. Be careful! As one example, I recently represented a couple of first time home buyers to purchase a short sale. The home sold new in November 2006 for $230,000 and was never occupied. The county property appraiser has the home currently assessed at $140,479 with no homestead exemption. We closed the sale on June 30 for $125,000 which included $7,000 in closing cost assistance.

Last edited by TampaKaren; 07-06-2008 at 11:12 AM..
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Old 07-07-2008, 10:35 AM
 
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I think that is way too much for todays market. Grand Hampton is still very overpriced. I would look elsewhere.
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