Quote:
Originally Posted by codeman671
Valuations are not what the real estate is truly worth on the market these days. What's your slice of Bear Island appraised for? What do you think it would bring on the market? I know for a fact that there is a $250K+ delta between my appraisal and what it can/would go for on the market. Most waterfront properties are in the same category. The new big Carver that you wish to ban is not even close to real estate value...
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You can check Bear Island evaluations at the link below. My place has a tax value of 341,100. Two months ago an appraiser went to our place by skimobile to value it for refinance. They valued it at 347,000. Our place is, in my opinion, a little better than average for the island.
http://data.visionappraisal.com/MeredithNH/DEFAULT.asp
It's easier to price used boats so I checked usedboats.com and found they list 12 Carvers that are 2007 or 2008 model years. They ranged from 299,000 to 1,474,610 with an average price of $655,000. New Carvers obviously sell for more.
http://www.usedboats.com/used-carver-boats.htm
So you see Carvers cost a lot more than waterfront property. And obviously a boat will not hold its value like real estate will. Making the waterfront home even cheaper in the long run.