Property Q&A in Monona>Question Details

Freetheland, Home Buyer in Monona, WI

The greenway rd. properties seem overpriced. Assessed value is $50-$60,000 why in this market trying to sell above market??

Asked by Freetheland, Monona, WI Mon Apr 23, 2012

Help the community by answering this question:


Where is Greenway Road?

Greenway Boulevard in Middleton, Greenway Trail in Madison, Greenway in Janesville, York, Pleasant Prairie. You are in Monona: Greenway Rd in Monona...looks like vacant lots, 3 of them, listed for $89K each, assessed at $50,600.

What makes you think "Assessed Value" has anything to do with "Market Value"?

Maybe it is the uninformed seller...the Invisible Hand will eventually smack down one of these wrong opinions. I think someone will build a house on each of these lots and they will pay more than the assessed values when they buy. My not-so-humble opinion.
0 votes Thank Flag Link Mon Apr 23, 2012
In most areas, ASSESSED value is not a good indication of the Market Value of properties:
In some cases, it is out-to-lunch.

Have you done CMA's to determine the true Market Value of the Greenway Road properties?
0 votes Thank Flag Link Mon Apr 23, 2012
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