Not $700k — $700k Below Tax Assessed Value
Where: 1415 June Ave., South Tyrol Hills in Golden Valley
What: 4 BR/5BA home built in 2002 with almost 5,400 finished square feet.
How much: $799,900 asking price; tax assessed value: $1.504M
When: originally listed for $1.679 million in March, 2009
Who: Listed with RE/MAX Results
Well, 1415 June Ave. (pictured above) certainly looks like a deal.
So what’s the story?
I haven’t been in, so that’s a big caveat.
However, the combination of lender approval (it’s a short sale), needed repairs, and a hefty tax bill (almost $24k annually, but certain to come down) aren’t helping.
Still, I’m not aware of a home sporting a bigger discount from tax assessed value currently on the market in the Twin Cities.
