There is often a real difference between the sale price and assessed value.
I don't rock the boat because most often my clients have lower assessed
values than the market price allowing them to pay less property tax.
This home has had a lot of improvements made since it sold in 2009.
It was bank owned at that time and had mold in the basement. The new
owners remediated the mold, added a pool and a new kitchen, new flooring,
Larger, water front homes here have sold for much more than this home is
listed. And the value is certainly here. The only other 5 bedroom on the
market here is priced at $479,900. Another 5 bedroom home sold in this
neighborhood in the last year for $529,900.
If you'd like to see this home and others, please give me a call.
Thanks for asking,
Hope this makes sense and helps!
Hamilton County Real Estate Co.
When I do an market analysis of a property, I look at recent sales of similar houses withihn the area, which is the best indicator of what the market will pay for a house.
Hope that helps. Feel free to let me know if you have additional questions.