I saw this not too long ago and it’s definitely interesting. Before stepping on the lawn I actually made sure I was not going to sink. Maybe this could provide for some very creative landscaping opportunities.
Real Estate Appraisal
Neighborhood Boundaries, Real Estate & Tahoe Park in Sacramento
Are you in or out? It could make a huge difference in property value whether you live in a certain neighborhood or not. A boundary line for a neighborhood could include anything from a street, park, city or county line, different design of houses, train tracks, commercial district, etc… Whatever it is that separates one neighborhood from another is very significant to be aware of because real estate is about location, location, location.
Let’s take a look at the Tahoe Park area of Sacramento. What are the boundaries to Tahoe Park? As you may know, the Tahoe Park neighborhood is comprised of four sections as shown below. You can read more about these four sections of Tahoe Park from a previous post.
Let’s think further about the neighborhood boundaries above. If you are local, do you see any big value differences between some of the bordering areas such as Tallac Village, Colonial Heights, Elmhurst, Oak Park or UC Med Center? Some of these portions are competitive or more similar to each other, but others are VERY different neighborhoods despite sharing a street border such as Stockton Blvd.
What sort of boundaries have you seen make a big difference in real estate values in the real estate market? Maybe you’re thinking of a certain dividing street, a freeway, or a newly constructed subdivision in the midst of an older tract. Or think of the home you grew up in as a child. What boundaries do you think defined that neighborhood?
Let me know if you have any questions. Feel free to call me at 916.595.3735 or ryan@LundquistCompany.com.
Drug Houses, Needles & Childhood Dreams
Everyone has a story, and so does every house. I inspected a Sacramento area property recently that was utterly filthy. In fact, Code Enforcement had to grant me access because it had been boarded up as a “dangerous property” because of its condition and history involving illegal drugs, squatters, prostitution, and many calls to the police from neighbors. This property was dirty to the core, and as you can see below, I had to be careful where I stepped.
While inspecting this house and seeing the remnants of an existance of desperation and addiction, I couldn’t help but think of the vile things that went on inside and how none of the partakers in drugs and prostitution would have ever imagined they’d end up in this filthy little hole doing what they were doing. I was reminded of a “say no to drugs” commercial campaign from the 80s with the punchline “nobody says they’ll grow up to be a junkie”.
This house will thankfully soon be rehabbed, but I wonder if the former occupants will ever find the help and hope they need.
A Shocking Difference in Fourplex Sales in Modesto
You probably didn’t wake up this morning wondering about fourplex sales in the city of Modesto. But if you did, you’re in luck. Even if you didn’t though, have a look at the trend graph below because it’s shocking to see the huge difference in property values from three years ago to now. What do you see? What stands out to you?
If you are a home owner or work in the real estate field, I’d be curious to hear your take not only on the data above, but on property assessments too. Unfortunately I’m finding it especially true that multi-unit 2-4 income-producing properties are often not assessed accurately (even worse than single family homes). Are you seeing a similar trend? Why do you think duplexes and fourplexes often seem to escape the realm of lowered values by the assessor?
If you are a property owner or investor and feel the Assessor has not kept in tune with the reality of the downward trend in property values, let’s talk. Call me at 916.595.3735 or see my property tax appeal website at www.SacramentoTaxAppeals.com.