Hi Traci, The most clear answer is that the assessed price should not be your primary guide when making your offer. Shrewsbury Borough has been ordered by the Monmouth County Tax Board to conduct revaluations of property this year, precisely because the current assessments have very little relevance to current market value. The last revaluation was done in 2002. Here's an article I wrote last week about the order to reassess in Shrewsbury, Fair Haven and Little Silver: http://actvra.in/t6F
As always, your offer should be based on current market value, not the asking prices of homes that have not sold, not the assessments, just the current market value. The agent handling your offer should be guiding you on this, so that you have a clear understanding of offers relative to market, not assessed value.
Good Luck with your purchase!... more
yes most definilty it's Homes clad with EIFS (Exterior Insulation and Finish Systems) a.k.a. synthetic stucco have a very strong tendency to retain moisture between the sheathing of the home and the finish system. The design of EIFS, unlike other systems (brick, stone, siding, etc.), does not allow the moisture to drain out. The moisture can sit in contact with the sheathing for a prolonged period and rotting may result. Damage can be serious. Left unchecked, it can affect the structural components of the home. This is also an open invitation to termites .EIFS homes cannot be made "water proof", even by "professional" caulking applicators. All caulk joints fail, even those made under laboratory conditions by EIFS industry engineers. No residential windows are waterproof, they are designed and manufactured to a water-resistant standard. Some water will always find a way in. When it can't get out you have a problem . This happens in EIFS buildings .EIFS homes built before 1997 have a 90%+ chance of having moisture intrusion problems. EIFS homes built since 1997 may have a reduced chance of moisture intrusion, but are not immune.
There are few, if any, visual clues to the problem. It is behind the walls of the home.... more
Hi Amanda. Previous home inspection is not available for most properties. Buyers who are under contract and have the inspections done pay a fee for the report. What other information are you looking for? The house is not currently listed. You can contact me via my website or Trulia profile with any other questions you might have.... more