Congratulations on your sale. As an update to this post. It looks like you listed it for $148,000 originally then reduced it $9,000 to $139,000. It sold for $139,000.
Allowing a possibility for closing costs paid that's still very close to your reduced price if not full and still above what was originally paid in 2003. That's pretty great for the market that you sold in. In 2009/10, it was hard to get out all upgrades and money spent as values were low and it was a buyer's market. Congrats again!... more
It's going by public records. The MLS data shows it's a 3 bedroom house with a possible 4th. 4 bathrooms. There was likely a remodel/addition at some point. Public records still shows it as the smaller version. Not sure when it was expanded beyond 1950.
It's one of those things that makes it hard to determine values. National sites like these pull information without it necessarily being verified and then values are put on the homes and neighboring homes based on this... National sites are riddled with errors and lack of updates. The problem is more and more people are using them to determine real estate values on their own. It was listed for $225,000 in 2009 and it expired. It was then sold for $185,000 in 2011. That doesn't mean it's the current value right now.
It's always best to consult a Realtor to find the true value of a home or neighborhood as national sites only offer a generic/general figure and not always true market value. Hope this has helped!
RE/MAX NE Ohio