Recognize This House? Where: somewhere in Minneapolis. What: a classic, older home with 4 BR/3 BA and over 3,000 square feet. Features gorgeous mill work, built-in’s galore, hardwood floors, beamed ceilings — and on and on. How much: list price now $989k, down from $1.395 two-plus(!) years ago. Property taxes: a gazillion dollars per year....Read More
“That Was Some October Snowstorm!” Where: 14xx June Ave. South What: 4 BR/5 Bath home with over 6,000 FSF in Golden Valley’s South Tyrol Hills neighborhood How (much): $1.139M ($10k price cut today) Who: listed with RE/MAX Results It’s certainly possible that the photo above was taken at the height of the October snowstorm we...Read More
Framing the Choices In politics, it’s often said that “whoever defines the terms of debate, wins.” The equivalent in real estate appraising would be, “whoever decides the geographic area for choosing the comp’s, defines home values.” What does that mean? One of the challenges choosing and analyzing “comparable sold properties” (comp’s) is coming up with...Read More
