chelovd, Home Buyer in Santa Clarita, CA

Hi, below says it's value is $172,000, why are you selling it for $250,000? thanks

Asked by chelovd, Santa Clarita, CA Mon Oct 8, 2012

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Chelovd, It is essential for a buyer or seller of a home anywhere work with information that comes directly from the MLS System. Prices online can be stated by anyone and can't be verified. The home you found is located in the Copper Hill North area of Saugus at 22922 Banyan PL # 213. This home is a standard sale being sold directly by the home owner. The original list price and current list price are the same, $249,900. The home was listed on June 26, 2012 and went into escrow on August 14, 2012. It is currently in escrow. Let me know the details of your home search or a home you would like to sell and I'll share all the information you need. Your Friend & Realtor, Tony Lewis RE/MAX of Valencia
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0 votes Thank Flag Link Mon Oct 8, 2012
Hi Chelovd, Many properties on search sites such as Trulia only give a basic valuation, they are not always the most accurate. There are some instances where a list agent has also listed the property above fair market value. Another instance is if it's a short sale the bank may have countered the sale price higher then the current listings in the area.

There are a variety of reasons as to why you see price disparities with properties on the market these days. This is why it's extremely important to have a Realtor that is guiding you through this current real estate market. If your not working with a Realtor I'd like the opportunity to earn your business!
0 votes Thank Flag Link Mon Oct 8, 2012
The value is actually close to list price. This condo is in contract anyway. If you know the area, you'll also understand that prices in his range go very quickly.
I'm not the listing agent on this unit, but I think it is priced well for the location and condition.
0 votes Thank Flag Link Mon Oct 8, 2012
Hi chelovd,

The assessed value you're speaking of is simply the tax assessors assessed value from 2011. I'm not the listing agent for that property, but it's likely the assessed value isn't accurate, as that figure is from early 2011, about 1.5+ years ago. Also, the assessed value from the tax assessor doesn't take into consideration upgrades (if any), view (if any), etc... items that buyers are willing to pay a premium for.

The seller can list it for any amount they like of course, and it appears they've found a buyer, as they are currently in escrow as of today, and that townhome is no longer available. if you're interested in looking at recent sales comparables for that area, to get a better feel for what townhomes there have been selling for over the last 4 months, please contact me, and I'll be glad to email that info to you, direct. Have a great day! - Robert
0 votes Thank Flag Link Mon Oct 8, 2012
That value is for property taxes, has nothing to do with the asking price. 250K is not a bad deal but it's already in escrow. If you're looking for a property in Santa Clarita, give me a call because I have the newest properties available. I live very close to these units too.


Marc D. Schwartz e-Pro, CDPE
Prudential California Realty
21049 Devonshire St.
Chatsworth, Ca 91311
Realtor® DRE#01074603
#1 Office Producer 2011

Direct: 661-505-8787
Direct: 818-885-5615

0 votes Thank Flag Link Mon Oct 8, 2012
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