Gulfview Heights - Back to Back Lots

[Curtis]

Basically there have been (2) sales according to the MLS since January 2006 in Gulfview Heights on the north side of 30A. One sold in April 2006 for $230,000 and was on the market for 192 days. While the other lot sold for $174,900 in March 2007 and was on the market for 148 days --- which makes the average selling price around $200,000.

So if I understand correctly, there have been 2 sales since 06 which should be the comps for determining land values by the county. How is it then that the majority of the county appraisals for Gulfview Heights (n. of 30-A) are mostly in the 250K to 300k range?

 

[2bohemians]

So does the county base its property appraisals on "asking price" or what has actually sold? Based on what I see (property appraisers website), it is on list prices which makes no sense, unless your the county. Anyone out there clarify this for me?

I was told that if I found a listing price less than the current appraisal price they would consider re-evaluating the value. Does the county consider that nothing has sold recently at the current appraisal prices in this area?

Maybe I'm just missing something Please fill me in................if you don't mind.

Curtis ~ thanks for your questions.
We have an answer for you from Mr. Pilcher, the Walton Co. Property Appraiser. Here is what he said:

"Thank you for contacting me.Market indicators from the prior year are used in determining the value as of January 1.This being said recorded sale prices from the prior year are the first choice in using a sales comparison approach (market approach) to value.List prices are sometimes used as supportive evidence but are not relied upon in making the value determination.This can be especially true when a lack of recorded sales exists.

The gentleman asking the question should notice the the values indicated on the website are 2006 appraised values.The 2007 assessment roll is not finalized at this time.Also he should contact our office if he feels the preliminary 2007 value is in excess of fair market value as of January 1,2007.We will gladly discuss our appraisal
with him.Hope I've answered your question"​

 

[2bohemians]

As a person involved (oh yeah) with real estate this looks like a pretty good deal.
And might I add your photo of the surfers is way cool..

Son ~
Thanks for the positive comments,
Glad you enjoyed our surfer girls photo ...
It seemed like it was made for us ....
In fact, we just got out of the water ...
What a blissful day with clean little beautiful lines rolling in all day long.

​

 

[Curtis]

Curtis ~ thanks for your questions.
We have an answer for you from Mr. Pilcher, the Walton Co. Property Appraiser. Here is what he said:

"Thank you for contacting me.Market indicators from the prior year are used in determining the value as of January 1.This being said recorded sale prices from the prior year are the first choice in using a sales comparison approach (market approach) to value.List prices are sometimes used as supportive evidence but are not relied upon in making the value determination.This can be especially true when a lack of recorded sales exists.

The gentleman asking the question should notice the the values indicated on the website are 2006 appraised values.The 2007 assessment roll is not finalized at this time.Also he should contact our office if he feels the preliminary 2007 value is in excess of fair market value as of January 1,2007.We will gladly discuss our appraisal
with him.Hope I've answered your question"​

Thank you much for the information and your time involved. I wish you the very best with the lots.

Curtis

 

[2bohemians]

Thank you much for the information and your time involved. I wish you the very best with the lots.

Curtis

Hello again neighbor Curtis ~

It was our pleasure --- that's what we are here for ...
Thanks for the well wishes and we wish you much prosperity and success with your new business ...