Underassessments 2008 - Isthmus

Underassessments 2008 - Isthmus

Address >1 million list price 21 Fuller Drive 14 Turnwood Circle 4102 Veith Road 1022 Sherman Ave 5100 Spring Ct 221 Gammon Road 6201 N Highlands Rd 4...

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Address >1 million list price 21 Fuller Drive 14 Turnwood Circle 4102 Veith Road 1022 Sherman Ave 5100 Spring Ct 221 Gammon Road 6201 N Highlands Rd 499-980,000 list price 1525 Vilas 2010 Madison 2025 Chadbourne 3913 Regent 632 Knickerbocker 5328 Lake Mendota Dr 737 Baltzell St 2249 Hollister Avenue 1711 Kendall Ave 1901 Commonwealth 1810 Jefferson 1922 Regent Street 1933 Keyes Ave 1919 Arlington Pl 1811 Summit 1918 Regent Street 2101 Chamberlain 146 N Prospect 2114 Van Hise 4 S Roby Road 108 N Spooner 3906 Cherokee Dr

Under 250000 list price 1409 Winslow Ln 4218 Nakoma Rd 4353 Daisy Dr 405 Rushmore Ln 4330 Doncaster Dr 4909 Marvin Ave 4313 Doncaster Dr 1918 Helene Pky 2400 Seminole Hwy 4236 Warwick Way 1550 Jefferson 741 Chapman 627 Knickerbocker St 4414 Travis Terr

Assessment 2008 List price Listing site Difference % of assessment Not available 950300 1012000 760000 843400 508500 1041900

1750000 1599000 1200000 1000000 1259900 1199000 1750000 1334650

MLS MLS MLS MLS MLS MLS MLS

588,000 551,600 554,800 462,800 393400 414000 276700 350000 660100 551200 639400 559000 439200 757800 505200 454200 399700 722200 464800 612500 517500 551400

755,000 749,900 729,900 650,000 579000 525000 525000 499000 980000 599900 825,000 625000 584700 899900 725000 799900 701000 724,900 499000 619900 729000 649000 680,682

FSBO FSBO FSBO FSBO FSBO FSBO FSBO FSBO MLS MLS MLS MLS MLS MLS MLS MLS MLS MLS MLS MLS MLS MLS

195000 194900 189900 189900 179900 179900 176500 163900 159900 143500 255400 239000 239000 239400

MLS MLS MLS MLS MLS MLS MLS MLS MLS MLS MLS MLS MLS MLS

197500 189000 143200 183100 174100 164600 171000 163900 168500 180900 250000 252000 240000 246300

648700 188000 240000 416500 690500 708100 2891800

#VALUE! 0.682626539 0.185770751 0.315789474 0.493834479 1.357915438 0.679623764 0.619260074

167000 198300 175100 187200 185600 111000 248300 149000 320000 48700 185600 66000 145500 142100 219800 345700 301300 2700 34200 7400 211500 97600 3549600

0.284013605 0.359499637 0.315609229 0.404494382 0.471784443 0.268115942 0.897361764 0.425714286 0.484775034 0.088352685 0.29027213 0.118067979 0.331284153 0.187516495 0.435075218 0.76111845 0.753815362 0.003738577 0.073580034 0.012081633 0.408695652 0.17700399 0.343271394

-2500 5900 46700 6800 5800 15300 5500 0 -8600 -37400 5400 -13000 -1000 -6900

-0.012658228 0.031216931 0.326117318 0.037138176 0.033314187 0.092952612 0.032163743 0 -0.051038576 -0.206744057 0.0216 -0.051587302 -0.004166667 -0.028014616

6 homes averaging 1.3 million. Total taxable value lost = 2.89 million Underassessed by 62%

22 homes averaging 680,682 list price Total taxable value lost 3.5 million Underassessed by 29-34%

MLS only

0.29467 Average underassessment for group (for whole group 34% or MLS only 29%)

20 homes averaging 202,255

588 Park Ln 4513 Tokay Blvd 4205 Doncaster Dr 5110 Odana Rd 4209 Doncaster Dr 601 Piper Dr

236200 210300 189300 230800 188100 199300

229400 219900 215000 214900 209900 209900 202255

MLS MLS MLS MLS MLS MLS

-6800 9600 25700 -15900 21800 10600 67000

-0.028789162 0.045649073 0.135763339 -0.068890815 0.1158958 0.053186152 0.023655395

Total taxable value lost = $67,000 Underassessed by 2% 8 of 20 homes are overassessed