Housing Market Slowdown

[Couple of Lakers]

Originally Posted by Juiced06GTO

Is it me or does it seem like double the tax assessed value or something around there has been the norm for listing prices? I wonder if appraisals aren't coming back high enough to fund the loans people are looking to take?

The assessed value of our particular property does not include the value of the private boat slip or jet ski location. That makes a huge difference! The benefit is that your taxes do not reflect that extra 200K+ in value.

An assessment would most likely be on the unit itself as the dock is owned by the association. Most of these places are cash deals.