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Registered
Join Date: Oct 2005
Location: Magnolia State
Posts: 7,548
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Official PPOT real estate comp thread
My foray to West Palm and responses to that thread piqued my interest. I'm curious as to various residential real estate comparables throughout U.S. but also internationally. I'd like to see some real life experiences on purchases/sales.
Couple of things: Not interested in this becoming my dick's bigger than yours when it comes to residences. Feel free to post pics/info about homes other than your own if you have real knowledge of the circumstances of the sale. I also understand its about location, Location, LOCATION. Few of you would want to live in my state but there are places I wouldn't want to live but you are attached to. I'd like to see real world examples of average middle class homes. But I guess you can define it however you wish. I'd also like to know about how the average working stiff (which is most of us) lives and affords certain areas. In other words, let us know if you got some kind of special deal; e.g., purchase from family memeber, distress sale by PO, foreclosure, etc. I'll start: Priciest suburan area in Mississippi...no crime/excellent schools. Purchased in late 2008 as prices were beginning to decline for $214K. (probably paid a bit too much as got into a bidding war with another buyer). PO's retiring to Florida and downsizing. c. 2400 sf, 3BR, 2 1/2 bath, 2 1/2 garage. One of smaller houses in a neighborhood where most houses are currently in the $250-325K range. Annual property taxes of c. $1100. Current value c. $215K (15K in improvements done since purchase). Median income for family of 4 in area in the $80K range. (Ignore the snow...freaky 2 day event that occurs once every 5-10 years) 
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Jim 1987 Carrera 2002 BMW 525ti 1997 Buell Cyclone cafe project 1998 Buell S1W: "Angriest motorcycle I've ever ridden." Last edited by Dueller; 03-12-2010 at 09:25 AM.. |
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03-12-2010, 09:17 AM
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Information Junky
Join Date: Mar 2001
Location: an island, upper left coast, USA
Posts: 73,189
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try zillow.com
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Everyone you meet knows something you don't. - - - and a whole bunch of crap that is wrong. Disclaimer: the above was 2˘ worth. More information is available as my professional opinion, which is provided for an exorbitant fee. 
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03-12-2010, 10:49 AM
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least common denominator
Join Date: Aug 2001
Location: San Pedro,CA
Posts: 22,506
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Just refied @ 5.1%... I have two houses on one lot... one block from the ocean... back two story where I live has a view of Catalina.
First appraisal was at $500K... loan turned down  Second loan and appraisal not counting back house came in at $350K... got the loan. I take home a whopping little over $2K a month... but get rent on the front house. And house was (is) in the family so as it went from my brother to my dad to me without much markup. I am very fortunate. But I am 53 and probably will be working till I'm 60 before I can retire, unlike some here.
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Gary Fisher 29er 2019 Kia Stinger 2.0t gone  1995 Miata Sold 1984 944 Sold I am not lost for I know where I am, however where I am is lost. - Winnie the poo. |
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03-12-2010, 12:04 PM
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Michael Delaney wanna-be
Join Date: Jul 2005
Location: 1K Oaks, CA
Posts: 1,533
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Also try Refesh. Alot of the appraisers use that site.
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88 Carrera Cab C.R.A.P. Gruppe Member #7 |
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03-12-2010, 12:07 PM
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Used Up User
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Current approx value is ~$450K. Our neighbor (the PLO terrorist) paid $400K two years ago. 2400 sqft. We bought in '98 for $225K. No mortgage. Nice pocket burb neighborhood that is 20 minutes (in good traffic) from airport & downtown. Taxes < $3K. Back split with 3 + 1 BR. 1 1/2 bath. House built in 1963. Single car garage. Extra deep lot.
 Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- Last edited by imcarthur; 03-12-2010 at 12:54 PM.. |
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03-12-2010, 12:40 PM
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<insert witty title here>
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Purchased in 2004 for $230K, we've put about 35K into it, now probably worth $300-320. A house around the corner is for sale at 300, backsplit, single car garage, smaller property, though has been on the market for about 6 weeks now, so I suspect it's high. Lot is 100x150, house is 2100 sq ft. not including basement, fully detached 2 storey, 3 bedrooms on 2nd floor, 3 rooms in basement (office, studio and huge 12x24 playroom), 2 bathrooms (was 3, we combined 2 into 1). I'm about an hour from Ian's house, the other side of Toronto.
When we bought it:  Now: 
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Current: 1987 911 cabrio Past: 1972 911t 3.0, 1986 911, 1983 944, 1999 Boxster |
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03-12-2010, 12:51 PM
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Registered
Join Date: Jan 2003
Location: Los Angeles, CA
Posts: 2,099
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imcarthur
Is that Markham?! Steve
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1982 SC |
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03-12-2010, 01:50 PM
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Used Up User
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Quote:
Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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03-12-2010, 02:27 PM
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Michael Delaney wanna-be
Join Date: Jul 2005
Location: 1K Oaks, CA
Posts: 1,533
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Quote:
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88 Carrera Cab C.R.A.P. Gruppe Member #7 |
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03-12-2010, 02:29 PM
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Registered
Join Date: Jan 2003
Location: Los Angeles, CA
Posts: 2,099
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I grew up in Markham in the mid sixties thru to 81
Steve
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1982 SC |
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03-12-2010, 03:01 PM
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Used Up User
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MDHS 68-73 . . . I left Markham in '73 but my parents lived there until they died. I sold their house on Wootten Way S in 2004.
Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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03-12-2010, 03:36 PM
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Registered
Join Date: Jan 2003
Location: Los Angeles, CA
Posts: 2,099
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Ian
You are a few years older than me but I grew up a couple of hundred yards from your parents house on Squire Bakers Lane Small world! Steve
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1982 SC |
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03-12-2010, 03:40 PM
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Used Up User
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Quote:
Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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03-12-2010, 03:45 PM
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Slackerous Maximus
Join Date: Apr 2005
Location: Columbus, OH
Posts: 18,196
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Sorry for the photo. We just wrapped up a huge remodel, this photo was taken about 60% through. Landscaping in the works to terrace the hillside.
Bought in July 2003 for $502k. Very nice older neighborhood in Seattle (Laurelhurst). It was a POS. We have put in huge amounts of sweat equity, and probably $150k (at least) when all is said and done. It would probably go for $750-800k at the moment. Would have went for $900k at the peak. 2800 sq/ft, 4 bedroom, 3 bath. Good schools for the Seattle district, but the Seattle district sucks. Taxes $7k. 
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2022 Royal Enfield Interceptor. 2012 Harley Davidson Road King 2014 Triumph Bonneville T100. 2014 Cayman S, PDK. Mercedes E350 family truckster. Last edited by HardDrive; 03-12-2010 at 08:06 PM.. |
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03-12-2010, 07:46 PM
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Registered
Join Date: Jun 2005
Location: Hamburg & Vancouver
Posts: 7,693
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Quote:
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_____________________ These are my principles. If you don't like them, I have others.—Groucho Marx |
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03-13-2010, 05:54 AM
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Driver
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Quote:
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1987 Venetian Blue (looks like grey) 930 Coupe 1990 Black 964 C2 Targa |
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03-13-2010, 07:12 AM
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Used Up User
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Quote:
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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03-13-2010, 07:22 AM
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Registered
Join Date: Aug 2007
Location: Kenbridge VA
Posts: 4,283
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My wife and I just bought my mothers house.
Tax assessment: $119K Location: Kenbridge, VA 23944 Property taxes: $1000. Lot size: 1.5acres House size: 4000 Sq. feet Construction: two story frame with standing seam roof Year built: 1935? Other buildings: 2 car detached garage, work shop, storage shed Median household income: $36,000 Population: 1279 Sorry, I don't have any pictures.
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Peppy 2011 BMW 335d 1988 Targa 3.4  2001 Jetta TDI dead 1982 Chevette Diesel SOLD
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03-13-2010, 07:22 AM
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<insert witty title here>
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Yep, we're over $4k on a house the city thinks is worth 270k. Hamilton is ridiculous for property taxes - one of the worst in the country. Most areas are around 1%, give or take. We're close to 2.
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Current: 1987 911 cabrio Past: 1972 911t 3.0, 1986 911, 1983 944, 1999 Boxster |
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03-13-2010, 09:25 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Befor eU boyz get all dreamy eyed with your home values ya better check what the foreclousers are doing in your hood price wise...
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Copyright "Some Observer" |
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03-13-2010, 09:34 AM
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1987 Porsche 911 Carrera Cabriolet 3.2
1972 Porsche 911T 2.4
Ducati
1987 Porsche 930 3.3T
