Does anyone know how much a high rise apartment building...

[AX10]

in a mid level city such as Philadelphia or DC is worth?

:shrug:

[Midlodemocrat]

1. I can find out for you.

Do you have an address? PM me if you wish.

[AX10]

2. Thanks!

Will Do.

:hi:

[AX10]

13. Hello?

[Swamp Rat]

3. I'd like to know too.

Just to compare the price to other countries.

[Midlodemocrat]

4. Anything for you, swampy.

:hug:

[Swamp Rat]

5. Thanks!

:hug:

City officials are talking about building more high-rise condos in New Orleans, so I'd like to have some figures to compare. If I ever have to leave New Orleans I was thinking about moving to Brasil, where owning an apartment is very common, and VERY cheap. I've seen very nice 3 bedroom/2 bath apartments overlooking the ocean for 50k. Without the view one can own an apartment like that for 20k, depending on the neighborhood.

[fed-up]

6. here is a site to research prices-mostly accurate

just type in the address you want, it will even give prices and price estimates for buildings on a chosen street

talk about realtors/investors totally skewing the market....and don't forget that since it was bought by a realtor and will be sold by a realtor there will be a 3% savings on commission...

http://real-estate.nextag.com/propID_42686367/832-Walnut-St/Chico/California/homes-html

note that the above property is for sale by a realtor who paid
$85,000 on 07/20/2001

did some improvements
Assessed Land Value:
$66,157
Assessed Improvement Value:
$59,995
Total Assessed Value:
$126,152

and is now asking $340,000
http://www.billcarterrealty.com/featured.shtml

MLS #200603338 — $340000
2 houses on 1 C2 lot, 832 and 832 1/2 walnut 3/1 and a 2/1 the 2/1 was totally rebuilt 5 years ago and the 3/1 has a new basement poured. inside laundre, great future potential with zoning and the owner will carry with 25% down. owner is listing agent adjoining property for sale also 2 homes on 1 lot for $350,000

[Rockholm]

8. This site is absolutely inaccurate.

At least in my town, I put in my house, and the comps they use to value my house are so off it isn't funny. They valued my house nearly $400K off of what I could sell it for today. If you were using one of the internet sites to value a home, zillow is much better. If you are looking for the value of a home, your best bet is to contact a realtor.
Don't know where you are, but they have my town as down 16% in median prices when in fact we are up about 6% this year.

[fed-up]

10. zillow is not mac friendly....

and of course those sites know nothing of interior/exterior condition

also my neighbor that sells foreclosures says that their sold values are not being reported properly to appraisers

they are showing that they are sold for original loan amount and not actual amount at time of sale

actual price may really be 25-35% lower

this is really screwing with appraisers being able to do an accurate job and not reflecting the true drop in property values around here

probably the same for the rest of the nation

[Rockholm]

11. Exactly. These sites also know nothing of location.

Interior & exterior, including renovations...These sites solely base their info on public records. They cannot factor in waterfront/water view.
Things are really tough on appraisers now. Sadly, some appraisers (read..not the ethical ones) used to appraise properties for the sale price, when in fact they should not have appraised out for the loan amount.
We are seeing short sales in this area for the first time in many years. Luckily, this is nothing like the Boston RE bust of the late 80's-early 90's. Just another Bush gift to the economy. When the Democrat gets back in the White House, things will turn around quite nicely.

[RB TexLa]

7. What a person or entity with the means to buy it is willing to pay for it.

[Rockholm]

9. Depends on the location.

Center City Philadelphia has tons of new building going on. Elegant new high-rises are going up left and right. As with everything real estate, it is location, location, location.

[AX10]

12. kick