Quote:
Originally Posted by Jmac
e-valueBC
Assessed at $3.4M, sold for $3.1M 16 months ago.
$7M house is assessed at $4.9M with an unfinished building (finished after July 1, obviously).
|
House for rent (6688 Cypress st) was also built in 1995 whereas the $7M house is brand new.
The house is only valued at $906K
6668 Cypress St. built in 1996 sold for $3.578M on June 1.
House is valued at $1.1M
This one would be a better comparison vs the $7M house.
BTW, the $7M house is sitting on a 54x139 lot while the 2 Cypress houses are on 50x130 lots.
That being said, Mr.C, it's also not a fair comparison when comparing houses that are obviously beyond a lot of people's means.