Good morning....thanks, gentlemen, for your opening discussion comments. I
remain unclear, however, as to how land value alone could have climbed from 30
to 40 K three years ago to 140 K in this latest assessment. Again, Calvert St
offers no beautiful water view, quiet cul-de-sac, bucolic vistas, etc......
I did appeal an assessment two cycles ago and won. At the time, in referencing
the property worksheet I was sent, I found errors with regard to the number of
bathrooms and kitchens assigned to the home, as well as made the case then for
the noise and pollution factors impacting my home due to location.
Despite the property values having risen in recent years in CV (and, yes, I
would imagine the rising assessments as having the potential to negatively
impact future home sales in the area), I continue to feel unshaken in my
resolve to appeal...
Cathy
----- Original Message -----
From: [EMAIL PROTECTED]
To: Chat@charlesvillage.info ; [EMAIL PROTECTED]
Sent: Tuesday, January 01, 2008 1:01 AM
Subject: Re: [Chat] Assessment notices...nothing like it for rousing New Year
cheer
According to www.dat.state.md.us, here are all the sales on Abell Avenue
(where I live) in 2007:
Date Address Price
10/17/07 3042 ABELL AVE 0
10/10/07 3019 ABELL AVE 275,000
9/25/07 3107 ABELL AVE 280,000
8/20/07 3245 ABELL AVE 275,000
8/17/07 3028 ABELL AVE 264,000
8/16/07 3309 ABELL AVE 283,000
8/16/07 3307 ABELL AVE 174,900
7/25/07 3307 ABELL AVE 140,000
7/23/07 3236 ABELL AVE 268,000
6/14/07 3136 ABELL AVE 235,000
6/12/07 3043 ABELL AVE 281,000
5/8/07 3202 ABELL AVE 0
4/9/07 3205 ABELL AVE 280,000
1/4/07 3006 ABELL AVE 0
Presumably the zeros are refinances. So there were 11 sales, of which eight
were above $260,000
My reassessment takes me from $89,720 to $246,080. On the one hand, this is
incredible. On the other hand, this is apparently probably less than my house
is worth. So it doesn't seem likely that I could successfully appeal the new
assesssment.
One thing that will be interesting to see is whether the new higher
assessments will have a negative effect on sales prices, since new owners pay
the full valuation with no 4%-per-year cap.
Happy 2008...
-Matthew
In a message dated 12/31/07 11:12:06 PM, [EMAIL PROTECTED] writes:
Our home in Parkville climbed from an actual sale price of $121k in 2002 to
appraised value of $198k today, or about 8.5% per year over six years.
From its sale in 1992 at $102k to my purchase in 2002 the price of the home
raised by only $18,150, or 1.6% per year over ten years.
I can't imagine that I would get that much on the open market today (if it
were possible to sell at all -- some neighbors have been on the market for over
12 months now), but comparable properties that _have_ sold went for no less
than $200k in the last 12 months, so it's hard for me to pull an example from
recent local real estate transactions that proves the new valuation is poorly
founded.
Is it reasonable to protest the increase on the basis that my house is not
a better investment vehicle than my 401(k) in the dot com boom? This is housing
bubble logic, pure and simple.
--
Rob Carlson [EMAIL PROTECTED] http://vees.net/
On Dec 31, 2007, at 9:27 PM, JASON GOUCHER wrote:
Hi, Fellow Charles Village Homeowners!
Anyone else feeling pummeled after receiving their recent Assessment
Notices?
We received ours today and our new market value is MORE THAN DOUBLED from
the previous assessment notice three years ago. Most alarming to me is the
land valuation MORE THAN TRIPLING from the previous assessment.
I don't know about anyone else's perception, but living on North Calvert
Street has not gotten any quieter, cleaner, or less traveled over the past
three years. In fact, we are still reeling and dealing with the aftermath of
the recent sewer installation that had us enjoying a very large and deep pit on
the side of our home for the first quarter of 07.
Jason and I are obviously appealing this assessment, but were just
wondering what others were thinking or planning to do in response to their most
recent valuations/assessments?
Despite this most recent affront from the City and State...really, Happy
New Year to everyone! Cheers to the Village!
Cathy Goucher
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