Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

214
Posts
140
Votes
Alexander Zurn
  • Lender
  • PA
140
Votes |
214
Posts

Why Would the Value of Land Decrease so Drastically?

Alexander Zurn
  • Lender
  • PA
Posted

I am looking at properties in Warren, RI and multiple properties land value substantially decreased in 2013, between 15-30k! I'm just wondering what would explain this? The price has stayed the same through the 2015 assessments.

That's scary to think one year your property is at its peak and you're thinking of selling, then  a new assessment comes in and drops the total assessed value by $30,000.

I understand that the assessment is not what drives the price but some people (hopefully many investors) give it a look when considering a property.

This also seems to be consistent throughout the small city of Warren - not specific to 1 property.

Thoughts? 

Loading replies...