what is good price for this property?

Asked by David, 48316 Fri Jan 16, 2009

what is last time it is sold ? and at what price?

This question is about this property: http://www.trulia.com/property/42488482-1551-John-R-Rd-Roche…

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., , Oakland County, MI
Sat Jan 17, 2009

The State Equalized Value (half of the assessed or market value) shown in the Public Records is $155,420 for 2008 down from $168,720 in 2007. This value could be somewhat high as we are in a declining market. It appears that the property sold for $650,000 in 2005, although it was listed as a different address. Other vacant lots about the same size have sold in 2006 for $325,000 and 2007 for $495,000. For more information on comparable sales, please feel to contact me.
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Maureen Fran…, Agent, Birmingham, MI
Fri Jan 16, 2009
David, there is really no record of an arm's length sale on the property in the public record database that most Realtors use. It looks like there was a quit claim deed from one relative to another.

I think you would need a buyer's agent to give you an estimation of a good price. Someone needs to look at the property with you and evaluate it against other similar properties.

If you do not have a buyers agent and you would like help with this, please feel free to let me know.

Maureen Francis
Web Reference:  http://miOaklandCounty.com
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