Day

January 24, 2009

What’s It Worth?

2445 Portland Ave. So. Minneapolis Asking Price: $132,905Assessed Tax Value: $505,500Property Taxes (2009): $8,216Last Sale: $480,000 (3/1/2007) This 5,200 FSF, Brick Four-plex came (back) on the market late Friday afternoon. A quick look at its selling history indicates that it’s been on and off the market, at ever lower prices, since July, 2005. What it...
Read More

Comparing (Bruised) Apples to Oranges

To Help Clear Housing Market, Peg Tax Value to Last Sale Price “Believe me, it’s not what it is.”—New Yorker cartoon That’s what’s the woman caught in bed with another man, says to her husband standing in the bedroom doorway. And that’s what government authorities are effectively saying to anyone who buys foreclosed properties at...
Read More

Archives