Re: Houses in your area

[http://dummy.us.eu.org/robert (robert)]

First off, there's no such place as "Shepards St." (is this the place
where Shepards Pie was invented? :-).

Also, look at

http://dummy.us.eu.org/robert/archives/personal/2003/msg01053.html

This is the same person (Mary Jo Peterson).

Also, you have to consider the square footage and the number of bedrooms:

340000*2/3=226666.67

Also, of course, the state of the property.  Did you ever look at the list
of problems that I gave you?

Also, if you analyze the raw market value increase (assume 13% per year,
which is on the high side, and 5.5 years), it's worth $246,425.70.  (Note
that, of course, I have not done a single home improvement other than add
a natural gas line; that was $600 and the stove was free.)

Finally, I think a Return-On-Investment of 100% (i.e. doubling the initial
investment) in a 5 year period is perfectly acceptable and is enough to
get me to the next step of something equivalent (~800 square feet, 2
bedrooms) in the Bay Area.

 > From: Bhavani <http://www.adelphia.net/~bhavani>
 > Date: Sun, 27 Jul 2003 09:12:08 -0400
 >
 >                                          Created for R B
 >                                           Shepards Street
 >                                          
 > 
 > Thank you for your inquiry to HouseValues. Your information was
 > forwarded to me for completion of your free market evaluation.
 > 
 > Below you will find the market evaluation and the estimated selling
 > price for your home. This range is determined by several factors.
 > All evaluations take into consideration square footage, number of
 > bedrooms, geographic area and other similar homes that have sold
 > and closed in the last six months. Other factors may include view,
 > school district, number of bathrooms, age of home and current
 > number of competitive listings.
 >
 > The historical sales data is based on information provided by the
 > local Multiple Listing Service and includes only sales that were
 > completed through the MLS. This is not an appraisal, only an
 > estimate of the current market value of your home.
 >
 >                     Comparable Homes Near You
 > 
 >                     190 Parsons Street
 >                     Sold Price: $340,000
 >                     Listed Price: $344,500
 >                     Bedrooms: 3
 >                     Bathrooms: 1
 >                     Square Footage: 900
 >                     Year Built: 1956
 >                     Comments: 10 days on the market
 > 
 >                     62 Cresthill Road
 >                     Sold Price: $0
 >                     Listed Price: $379,000
 >                     Bedrooms: 2
 >                     Bathrooms: 2
 >                     Square Footage: 925
 >                     Year Built: 1950
 >                     Comments: 10 days on the
 >                     market. This home is under
 >                     agreement. Sold price won't be
 >                     disclosed until it has closed.
 > 
 > http://www.housevalues.com/Evaluation.aspx?id=12841866-683D-475C-A7F8-98E75B993A2B