Deb Parker - Mansfield, MA Real Estate, Foxborough, MA Real Estate, Norton, MA Real Estate


Home valuation is one of the tricky areas of real estate. In general, you want a high appraisal and a low assessment. But shouldn't they be the same? Well, in a perfect world your assessment and your appraisal would be the same, but you don't want the world to be perfect in this regard. Here's why:

Appraisal

An appraised value comes from the report completed by a licensed professional appraiser to determine property value at a specific point, typically for a buyer to obtain a mortgage. It is a tool used by underwriters for lenders to determine if the home has enough collateral for the loan needed to purchase or refinance it.

Appraisers compare the home to similar properties in their evaluation. They look for both similarities to find a base value and difference to increase or decrease the value such as the roof's age, livable square footage, exterior materials, upgrades, and other finished. Using these numbers and other valuation formulae such as the cost to rebuild the home (similar to your homeowner insurance values), and potential income from rental or other uses, the appraiser determines a possible value.

The market value is not the same as the appraised value, however. While it starts with the appraised value, other determiners such as the desirability of the area, or circumstances such as a tornado, hurricane, or eminent domain issues may adjust the market value above or below the appraised value.

Assessment

A home's assessed value typically comes from the taxing authority for the municipality. It is the method of determining the tax basis (or valuation) of the property. The tax assessment is a percentage of that value that the homeowner pays annually to provide the municipality money for water and fire services, schools, capital improvements to roads, bridge, and public parks and additional essential services.

The amount of the percentage and its designations differ for every taxing authority, so a home in one neighborhood might have a different assessed value from an identical house in another block nearby if the boundary lines for the taxing authority (school district, for example) differs.Some counties and cities reassess homes only when they sell, while others have periodic assessments. And the percentage rates of the assessments change when voters approve various tax levies for a variety of purposes.

An appraisal affects your ability to obtain a mortgage for your home while an assessment relates to the ongoing yearly tax expenses. Since a third factor determines the home's selling price, the market value, your professional realtor should guide your understanding of how these factors affect your home purchase or sale.


This Single-Family in Mansfield, MA recently sold for $370,000. This Colonial style home was sold by Debra Parker - RE/MAX Real Estate Center.


34 Warren Ave, Mansfield, MA 02048

Single-Family

$379,000
Price
$370,000
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
Here's your opportunity to own a well maintained 3 bedroom colonial in a great established neighborhood. All the "big ticket" items are taken care of--Roof and Driveway 2009. Boiler 2018, oil tank ~2016, Kitchen/bathroom/dining room renovated ~2017, fence 2017, pressure treated railings and steps on side entry 2017, newer windows , hardwood floors throughout with tile in dining room & kitchen. This first floor offers a large front to back living room with a brick fireplace, a spacious dining room w/built-in hutch, first floor bedroom, and a 1/2 bath. The kitchen has white quartz counter tops and plenty of cabinetry for storage. A nice mudroom area is off the kitchen--add a small table & chairs--a great place for morning coffee! The second floor has a full bath & two very spacious bedrooms. The full basement has potential to finish & also has a bulkhead leading to a private yard. Easy Access to Mansfield commuter rail, town center, shopping and highway.

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This Condo in Taunton, MA recently sold for $194,000. This Garden style home was sold by Debra Parker - RE/MAX Real Estate Center.


750 Whittenton St, Taunton, MA 02780

Condo

$189,900
Price
$194,000
Sale Price

4
Rooms
2
Beds
1
Baths
Welcome to "Mill River Village"; a desirable condominium complex. Pristine second floor unit has been beautifully remodeled and features an open floor plan. Sunny corner unit on top floor offers a private setting nestled among pine trees and lots of natural light. Enjoy quiet evenings outside on your covered patio surrounded by beautiful landscape and views. Updated kitchen with white cabinets, stainless steel appliances, granite countertops, a peninsula for stools and separate dining area. Warm & inviting living room boasts dramatic cathedral ceiling with beams and a slider to the balcony; a perfect area for entertaining guests. Master bedroom with picture window, double closet & access to bathroom. 2nd bedroom is spacious with double closet. Washer & Dryer. New flooring and Heat Pump w/ Cent A/C. Plenty of closet storage, pull down attic and private storage area in basement. Located just a few minutes from Routes 495 and 24, the Miles Standish Industrial Park, restaurants & shopping

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5 Village Way, Franklin, MA 02038

Condo

$669,900
Price

7
Rooms
3
Beds
3/1
Full/Half Baths
Stunning single family detached home in the “Village at Cooks Farm:, a traditional NE village community of 55 single family properties on 20 acres. The units features an open floor plan with many upgrades, over $30K and high end appointments throughout. Gourmet Kitchen with Stainless Steel GE appliances, white cabinets with coordinating wood tone oversized island, honed (leather look) granite counter tops, pendent lights, tiled backsplash, recessed lights and under counter lighting. Sun drenched living room with gas fireplace, built-in bookcases and double sliders with transom windows allow access to the private courtyard. Separate dining area with chair rail. Hardwoods or tile and crown molding throughout both levels. 1st floor guest bedroom with full bath. Spacious Master Bedroom with walk-in closet & private bath. 3rd bedroom with private bath and office with built-in bookcases complete the 2nd level. Town water & sewerage, gas. Abuts Franklin CC. Close to highways & T-station
Open House
Sunday
October 13 at 1:00 PM to 2:00 PM
Visitors please park by the mailboxes on Eighteenth Drive. Thank you.
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Location: 5 Village Way, Franklin, MA 02038    Get Directions

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This Single-Family in Mansfield, MA recently sold for $430,000. This Colonial style home was sold by Debra Parker - RE/MAX Real Estate Center.


30 Tracy Cir, Mansfield, MA 02048

East Mansfield

Single-Family

$415,000
Price
$430,000
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
Young Center entrance colonial in desirable neighborhood, "Deerfield Estates". Open and flexible floor plan. Front-to-back family room with hardwood floors and bay window providing lots of natural light. Formal dining room with hardwoods and bay window, perfect for entertaining guests. Kitchen features Stainless Steel Appliances, oak cabinets, separate eating area with slider to deck. Spacious Master Bedroom with walk-in closet, 2 additional bedrooms and full bath complete the second level. New vanities in both bathrooms. Finished lower level is a perfect space for a playroom or for relaxing and watching sporting events. Fenced in backyard with firepit and shed. Town Sewerage. Great locatiion with easy access to schools, T-station, bike path and highways.

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