Market trends and real estate appraisals for divorce, estate settlement, loans, property tax appeal, pre-listing and more. We cover Sacramento, Placer and Yolo County. We're professional, courteous and timely.
In light of Halloween, it seems relevant to ask if it would matter to you to live next to a cemetery? What positives and negatives are there for backing to a graveyard like the picture below?
The image above is the “Carter Ranch” subdivision in the City of Winters, CA. This tract was built around 2003 and is located just south of the Winters cemetery. I just finished up an appraisal in this subdivision.
While delivering a property tax appeal to the Sacramento County Appeals Board today, I took out my Flip camera to say a few words. It’s very important for locals to understand that November 30, 2010 is the deadline to dispute property taxes in Sacramento County (and many surrounding counties). Enjoy a short video.
FYI: The deadlne of November 30, 2010 is for typical “decline in value” reassessments. There are other types of appeals that do not have this deadline.
Let me know if you have any questions. Call me at 916.595.3735, catch me on Facebook or visit my property tax appeal website.
I sit on the the YPC Council through the Sacramento Association of Realtors and I wanted to invite you to come and enjoy the 2nd Annual Gala Event, The Masquerade Ball, on November 12, 2010. My wife and I are going to get spiffed up and enjoy a tremendous evening with other real estate professionals and friends, and we’d love to have you join us. You coming?
The first 50 people who sign up and pay in advance get a free feathered mask at the door! This event is geared toward SARmembers and affiliates and their guests. For just $35 you can enjoy food from Tokyo Fro, Zocalo, and BJ’s Brewery (and more restaurants to be named later!), taste wine, bid on silent auction items, socialize and dance the night away! All funds raised benefit CanTree and other local charities. Last year’s event raised over $4,000 and was A LOT of fun – please help up make this event a huge success!
Let me know if you have any questions. Yes, I did make the video.
Home owners ask me sometimes about the average price per square foot for their neighborhood. Honestly, I pay attention to the price per sq ft as one of many real estate metrics, but it’s not the end-all solution to valuation by any means. Let me illustrate my point by presenting a graph of all sales in the Anatolia neighborhood of Rancho Cordova over the past twelve months.
Over the past 90 days Anatolia has had an average price per square foot of $103. If Joe the Home Owner then took this figure and applied it to his home, let’s see what he comes up with. Imagine he has a house at 1000 square feet. In theory, Joe’s house should be worth $103,000 (1000 x $103), but the graph shows homes at 1000 square feet sold between $140 to $150 dollars per square foot actually. Let’s look at 2000 square feet. It looks like $103 works very well for some houses, but other properties at 2000 square feet clearly sold closer to $250,000 (that would be $125 per sq ft). Let’s look at even larger homes. Many 4000 square foot properties sold well under $103 per square foot, and houses around 5,550 square feet sold closer to $81 per square foot ($450,000 / $103).
As you can see, an average price per square foot figure is not constant for all houses in a neighborhood. Simply multiplying your square footage by the average price per square foot for your area, city or zip code may or may not work, and will very likely not give you an accurate number.
Question: When looking at the graph above, what size of home do you think might give you the best return on your dollar?