Quote:
Originally Posted by Brian Neidhardt
The house at 68 Cattle Landing was last listed for $725,000 and sold for $712,500. Originally the home was listed for $999,000 and had four price reductions over 673 days on the market.
The town of Meredith had the property assessed for $963,100. If anyone needs any further details about property sales history feel free to send me an e-mail or give me a call.
Brian Neidhardt
Realtor
603-738-3798
www.teamneidhardt.com |
So's, the actual selling price was 26% off the assessed value.
For what it's worth, just maybe that may be a waterfront rule of tumb......er.....make that thumb......if you want to make your waterfront listing go from 'for sale' to sold, maybe figure a real sell for price that is 26% off the Meredith town assessed value.
$963,100 assessed x 74% = $712,694
So, that's a 26% discount ....off the assessed value....as a rule of thumb for a home which presumably was purchased with a mortgage loan from somewhere...like a bank or seller financing or somewhere....