question about home/lot value

[sevfiv]

i was looking at price trends in an area that has seen steady increases in values of homes (new construction) and land.

there was one example that i noticed out of a handful of houses that are all adjacent to each other.

the houses all have about the same square footage (~4,100), exact same lot size (8,775), and were built around the same time (2003-2005).

while all of these houses (and the older ones, too) have seen steady increases in value of land and home, one in particular stood out because the house value dipped from 2005-2006, while all others did not (from 440,000 to 375,000 - market value equal to appraised value). the land value showed the same increase as all others, though.

just looking for any possible explanations for this type of thing...thanks!

[Scharpe St Guy]

1. Fought there tax appraisal and by the sounds of it WON

2. Related to someone on the Tax Appraisal Review Board, Still WON

3. Had something on a member(s) of the Tax Appraisal Review, WON Again

4. or found some substandard construction such as a faulty slab which affected home value, received quotes from foundation co's to fix, faught the Tax Man and WON yet Again

My .02cent,

Scharpe St Guy

i was looking at price trends in an area that has seen steady increases in values of homes (new construction) and land.

there was one example that i noticed out of a handful of houses that are all adjacent to each other.

the houses all have about the same square footage (~4,100), exact same lot size (8,775), and were built around the same time (2003-2005).

while all of these houses (and the older ones, too) have seen steady increases in value of land and home, one in particular stood out because the house value dipped from 2005-2006, while all others did not (from 440,000 to 375,000 - market value equal to appraised value). the land value showed the same increase as all others, though.

just looking for any possible explanations for this type of thing...thanks!

[Trophy Property]

1. Fought there tax appraisal and by the sounds of it WON

2. Related to someone on the Tax Appraisal Review Board, Still WON

3. Had something on a member(s) of the Tax Appraisal Review, WON Again

4. or found some substandard construction such as a faulty slab which affected home value, received quotes from foundation co's to fix, faught the Tax Man and WON yet Again

My .02cent,

Scharpe St Guy

5. Realized the house was Haunted, made the tax man sleep in the house, taxman got bent over, homeowner won bigtime.

[texas911]

I agree, he just won the tax appraisal game. They never lower the property value so all they can do is lower the house value.