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Q: Real estate ( Answered,   0 Comments )
Subject: Real estate
Category: Business and Money > Economics
Asked by: avoss1-ga
List Price: $20.00
Posted: 16 Jan 2005 16:30 PST
Expires: 15 Feb 2005 16:30 PST
Question ID: 458328
What is the market value of the house at 6911 94th Ave. SE, Mercer
Island, Washington?
Subject: Re: Real estate
Answered By: answerguru-ga on 16 Jan 2005 17:38 PST
Hello avoss1-ga,

The state of Washington annually assesses real estate for protperty
taxes based on its "likely selling price". This is done as of a
specific date in the year as it would be nearly impossible to obtain
such a value on a more frequent basis.

Each piece of property in the state is assigned a Parcel Number, which
is typically tied to an address, so this is the first thing we need.

The King County website contains a feature which allows you to look up
parcel numbers based on address information, as well as a map of the
property in relation to surrounding properties and streets:

At the link above, I searched by Address, and then entered the
following information:

House Number: 6911
Street Name: 94th

This yielded a single parcel result matching the address provided:

Parcel Number: 1845500070 
Address: 6911 94TH AV SE 
Zipcode: 98040

Associated with this parcel was a Property Report, which you can access at:

The property report yields the information you requested:

Tax Year 2005 
Appraised Land Value $300,000
Appraised Improvement Value $260,000 

So since the approximate market value of this property for the current
tax year is the sum of the values given for land and improvements, the
market value of the property is $560,000.

An interesting additional piece of information is that this is the
same appraised value for the 2004 tax year, which means that the
property's value has not changed in the past year (a sign of a stable
local market).

I hope this was helpful - if you have any problems understanding any
of the above information please post a clarification request.



Google search: "washington state" parcel search
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