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Q: The market values of two specific houses in the States ( Answered,   5 Comments )
Question  
Subject: The market values of two specific houses in the States
Category: Business and Money
Asked by: pearlrivers-ga
List Price: $40.00
Posted: 24 Feb 2006 04:34 PST
Expires: 26 Mar 2006 04:34 PST
Question ID: 700356
I need to know the market value (NOT the 'assessed' value)of two
houses and their land: the first is 9 Second St, North Egrememont,
Massachusetts, USA (I don't know zip code, sorry.) The other is 154
James St, Morristown, NJ 07960. It should be done perhaps by asking at
least two (preferably three) local estate agents (I don't know any and
am in the UK - hence why I am g-a'ing!) in each area. I want the
realistic price if they were going on the market now. I also need to
know what the market values would have been in July 04. Please provide
the names and contact details of the local agents used.

Request for Question Clarification by sublime1-ga on 24 Feb 2006 11:46 PST
pearlrivers...

There is no North Egrememont, Massachusetts
There is no Second St in North Egremont, Massachusetts,
according to the US address verification site:
http://www.melissadata.com/lookups/AddressVerify.asp?Address=9+SECOND+ST&city=NORTH+EGREMONT&state=MA&zip=&Query=Submit

The estimated market value of 154 James St, Morristown, NJ 07960
is $671,160, according to the 'Zestimate' on Zillow.com:
http://www.zillow.com/search/Search.z?addrstrthood=154+James+St&citystatezip=Morristown%2C+NJ&mode=search

The accuracy of 'Zestimates' is discussed on this page:
http://www.zillow.com/howto/DataCoverageZestimateAccuracy.z

Let me know where this takes you...

sublime1-ga

Request for Question Clarification by sublime1-ga on 24 Feb 2006 22:52 PST
pearlrivers...

Thanks to myoarin-ga pointing me to your other question,
I now have a better picture of your needs. I've provided
the Zillow estimate for the property that Zillow could
find. I tried other mapsites for any indication of a
Second St in North Egremont, but only the tax assessor
site that scriptor-ga found gives any indication of it
being a valid address.

Looking more closely at the property description, this
is probably because it is a 500 sq ft property, and the
structure is considered a cottage rather than a house,
on about a third of an acre. It isn't what you'd call 
a family dwelling. So I'd suggest that the assessed 
values provided by scriptor-ga are pretty close to the
actual market value.

I don't see that there's much more I can tell you,
so if you want to lower the question price to offset
my having found only half the information you wanted,
you can do that by using the tutorial on researcher
skermit-ga's site:
http://www.christopherwu.net/google_answers/answer_guide.html#changing_price

Let me know...

sublime1-ga

Clarification of Question by pearlrivers-ga on 25 Feb 2006 01:35 PST
Hi Sublime1, thanks for what you've done so far. The address for the
Mass house I've been given does have a zip code actually - full
address as was given to a court is Savernake, 9 Second St, North
Egremont, Massachusetts, 01253, USA. It is a holiday home with a two
bed cottage but what is, I understand, quite a bit of land - there are
woods on the land and there is also use of a private lake. (The owners
are claming more by building on nearby land but probably haven't done
their full 'squatters' rights' time.

This is for a court case (matrimonial) in the UK so I need to be able
to tell a judge the values of his two houses with conviction. If my ex
has given a false address I need to be able to say this. But I do
doubt that, and I doubt there is just a third of an acre as the land
is quite extensive, or so I was told and its price has gone up
considerably in recent years. It would definitely be more than the
assessed value as he put it above that for a court case two years ago
- and prices have risen since then. I need it to be accurate.

The price being offered was for estate agents' valuations so I want to
be able to say that these two local agents in each area value the
properties at this price. I feel that the first question I posted on
this paid for a look on Zillow (or however it was come across -
whether Zillow or the land assessors) and I would have expected that
information to have been correct - so I'm no further ahead and feel I
paid for what I've got here with the very first posted question.

Could you look again at the address in Mass with the zip code and
either rule in or rule out the property please?

And see what estate agents say. Thanks, Pearl

Clarification of Question by pearlrivers-ga on 25 Feb 2006 01:38 PST
PS my ex put the value of the Mass house two years ago at $150,000 -
but this would have been an underestimate. I do need to know we're
looking at the same property - or that it doesn't exist!

By the way, thank you Myoarin for your help - it was really useful, Pearl

Request for Question Clarification by sublime1-ga on 25 Feb 2006 12:18 PST
pearlrivers...

You said:

"I feel that the first question I posted on this paid for a look on
 Zillow (or however it was come across - whether Zillow or the land
 assessors) and I would have expected that information to have been
 correct - so I'm no further ahead and feel I paid for what I've got
 here with the very first posted question."

Your first question:
http://answers.google.com/answers/threadview?id=445757

...was answered by a different researcher, who provided you with
the assessed values of the buildings and land according to the
property tax assessors.

You then posted a clarification stating:

"I didn't realise the tax assessment was different to the
 market one - I need the market values of these two houses but am
 unable to use Zillow - could you do it for me please? Pearl"

...and a comment stating:

"I'm really sorry but that assessed value isn't any good to me
 - now I know what it is. I need the true market value - can you
 get that for me?"

...and no estimate from Zillow was provided.

I researched this question completely unaware, at first, of your
previous question, and obtained an estimate from Zillow on the
James St property. That seems to me an improvement over what you
had before, whether you feel you paid for it in the first question
or not.

You need to understand that Google Researchers aren't located
under one roof, trading questions back and forth and discussing
them. We are independent of each other, and located all over the
globe. If you felt (feel) that an answer has not satisfied your
needs, you should feel free to post a Request for Clarification
of the answer (as you did), and continue to do so until there
has been a satisfactory conclusion to the dialog. If that does
not occur, you have recourse by writing the editors at the 
email address at the bottom of every page.


As for the postal code for the Second St property, it proved
to be of no use. Both the US address verification site and
Zillow returned the same results: no such address found. 

By looking into the address verification results further,
it seems that the problem lies in the fact that Second St
does not receive mail delivery, which is accomplished via
a PO Box from a site on N Main Rd.

You can see a list of recognized streets in 01253 here:
http://www.melissadata.com/lookups/zipstreet.asp?InData=01253

There's a list of a list of addresses with street number 9 in
ZIP Code 01253 here, which has only the PO Box 9:
http://www.melissadata.com/lookups/zipnumber.asp?zip=01253&number=9

You can see a Zillow map of the vicinity, with a spread of
estimated values from $207K to $422K. It is centered around
the city of Otis, with an average value of $276K:
http://www.zillow.com/search/Search.z?addrstrthood=9+Second+St&citystatezip=01253&mode=search

I've done all that I know to do with what you've provided,
and my work has been undertaken completely independently 
of your previous history with Google Answers. I leave it 
to you to acknowledge or ignore the value of my efforts
toward satisfying your interests.

sublime1-ga
Answer  
Subject: Re: The market values of two specific houses in the States
Answered By: sublime1-ga on 07 Mar 2006 15:14 PST
 
pearlrivers...

Since myoarin-ga is not a Google Answers Researcher, he can't
post a formal answer, though his assistance has certainly been
extensive. Therefore I will post the summary you desire.
Please note that the term 'Zestimate' is used by Zillow
as their unique form of 'estimate' of market value. There
is only the one site.


The estimated market value of 154 James St, Morristown, NJ 07960
is $671,160, according to the 'Zestimate' on Zillow.com:
http://www.zillow.com/search/Search.z?addrstrthood=154+James+St&citystatezip=Morristown%2C+NJ&mode=search

The Value Range for that property is: $590,621 - $791,969:
http://www.zillow.com/HomeDetails.z?city=Morristown&state=NJ&zprop=39461875

Also note where it says: "71% of homes in the 07960 ZIP code have
a value lower than this home".


The estimated market value of 9 Second St, North Egremont, MA, 01253
is $170,755, per the 'Zestimate' on Zillow.com:
http://www.zillow.com/search/Search.z;jsessionid=ECCCB764A9E1B656213D20173257D187?mode=search&zpid=56801430

The Value Range for that property is: $148,557 - $291,991:
http://www.zillow.com/HomeDetails.z?city=Egremont&state=MA&zprop=56801430

Also note where it says: "1% of homes in the 01230 ZIP code have a
value lower than this home", so the prices of surrounding homes
tend to run higher, as you can see in the map in the first link.

sublime1-ga
Comments  
Subject: Re: The market values of two specific houses in the States
From: research_help-ga on 24 Feb 2006 08:31 PST
 
A real estate agent would have to visit a house to give a true
appraisal of a house's value.  I really doubt 3 agents are going to be
willing to do this for someone who's not a customer, nor a potential
customer, calling on behalf of someone who lives in another country. 
What you may be able to get reasonably is "comps" which are the
selling prices of similar size houses in the same area.
Subject: Re: The market values of two specific houses in the States
From: myoarin-ga on 24 Feb 2006 18:49 PST
 
Sublime,
On Pearl's other question, Scriptor found the house in Egremont MA on this site:
http://csc-ma.us/EgremontPubAcc/jsp/Home.jsp?Page=1

Perhaps it is worth pointing out that Zestimate shows a value range from 
$ 591,600 to $ 792,000.

Perhaps Research-help is right, but I have found that real estate
agents treat every caller as a potential customer, especially if they
ask about a specific property.  Calling for an interested foreign
party may be a more valid excuse.
Yes, all one might get are comparable values (maybe all from
Zestimate), but that is something.
Subject: Re: The market values of two specific houses in the States
From: pearlrivers-ga on 26 Feb 2006 04:11 PST
 
Yes, I think you're right that talking to agents would be difficult so
best to rely on the best possible computer sites - and give the lowest
and highest estimates so we have a proper guestimated market value
price range for each house - the research shows it's the best thing to
do. So - looking at both Zillow and Zestimate - I need from you just
one paragraph that states specifically the price range of each house
and the sources (Zillow and Zestimate.) {Is the $591,600 to $792,000
referring to the North Egremonth house? or the Morristown one?}

So thank you so much - I will feel very happy knowing I've done all I
can do as long as you give me the one para, stating estimated market
price range to and from on both houses from both sources (Zillow and
Zestimate) attributed that i can just print off. Thanks so much, Pearl
Subject: Re: The market values of two specific houses in the States
From: myoarin-ga on 26 Feb 2006 06:52 PST
 
Pearl,
The Zestimate that Sublime posted was for the NJ house.  I just looked
at the link for the price range, as you can also do.

IF you post your comment as a Request for Clarification, Sublime1-ga
will get an e-mail asking him/her to reply.

Incidentally, I did find the house at 9 2nd street, N. Egremont on
Zillow, although the site at first claimed it couldn't find the
address.
2nd St is west of Lakeside Drive on the west side of Prospect Lake,
which is west of N. Egremont.  When I moved the map in Zillow, it
suddenly found several of the houses on 2nd St:
http://www.zillow.com/HomeDetails.z?city=Egremont&state=MA&zprop=56801430

Value Range: $148,557 - $291,991, Zestimate: $170,775  (+ $9000 the
last week in January :).

The 500 sq.ft. is the area of the building, the lot size is give in sq
ft and also as 0.30 acre.  It seems to be one of the smaller places on
the road.

It's been my pleasure to help, but without Sublime's effort, I would
have been at a loss, so it is his question/answer.

IF you feel the same, post a Clarification suggesting that s/he post an answer.

Regards, and best of luck,  Myoarin
Subject: Re: The market values of two specific houses in the States
From: myoarin-ga on 07 Mar 2006 17:04 PST
 
Fine, Sublime.  
I was just typing to suggest you post something when you locked the question.
Pearl's mentioning the lake access was the clue.
Regards, Myoarin

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