“Tahoe Park” is an area of Sacramento off of Highway 50 and 65th street in the 95820 zip code (with one portion of the neighborhood in the 95817 zip code). The neighborhood consists mostly of single family detached ranch-style houses (some multi-units and occasional 2-story houses) and can be described with five portions as shown below. A previous post goes into detail about each of these portions.
What’s been happening in the Tahoe Park real estate market? What are properties selling for? Let’s take a look at the past three years of sales. What do you notice?
Now let’s consider the past twelve months of sales in Tahoe Park from August 2008 to August 2009. What do you see? Does anything stand out to you?
Tahoe Park Neighborhood Real Estate Market Trends:
- 95 sales over the past 12 months
- Low Price over past 12 months: $25,000
- High Price over past 12 months: $330,000
- Current Actives: 19
- Current Short Sale Actives: 13
- Current Pendings: 19
- 25 sales over the past 90 days
- Median Price over Past 90 Days: $206,000
If you have any questions about Tahoe Park or the graphs and data above, please let me know. I appraise properties in Tahoe Park for purchase, refinance, estate settlement, bankruptcy, litigation and more. Please contact me at 916-595-3735 or ryan [at] lundquistcompany.com.
www.SacramentoAppraisalBlog.com Real Estate Market Trends in the Tahoe Park Neighborhood in Sacramento
Yes. If there is an air conditioner at the subject property, it must be in working order for HUD to guarantee the loan. What if the air conditioner was stolen (that happens quite a bit with bank-owned properties)? If there is clearly supposed to be an air conditioner at the house, then it must be installed and working. Often times the owner or bank will install a new one before the close of escrow to meet this requirement. The gist is that FHA does not require an air conditioner in a house, but if one is there (or should be there), then it must work properly. Does that make sense?
Remember, the assessment figures are supposed to be based upon the worth of your property as of January 1, 2009. If you think the Assessor didn’t get it right for your property, let’s talk soon and explore what your options are. If it makes good economic sense for you to appeal your property taxes, then we’ll be glad to provide our services to you.
