Quote:
Originally Posted by Bear Islander
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. |
Figuring 2007-2008 used, yes the value is higher but out of all the pages of used Carvers only a handul were over the assessed value of your property. Regardless, my point was that assessed value and market value when it comes to waterfront/island property are no where near comparable by a large gap. I can provide a few examples from Mark is you like. This has been covered previously in FLL's post about property taxes.
If you were to list your property today do you feel $347k is a fair asking price, a price that you would cash out at? I doubt it highly, being that the true market for the land alone is not far from that.