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Updated about 6 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Kamal Mohammad
  • Investor
  • Pensacola, FL
1
Votes |
7
Posts

what does it mean when they have $0 improvement ?

Kamal Mohammad
  • Investor
  • Pensacola, FL
Posted

Hi everyone!, what does it mean when the county property appraisal has $0 improvement on a property on their website? even though there's a house on the lot but the house been vacant for a while/abandoned, does it effect the ARV for the house if someone bought it to flip it since they have $0 improvement value for the house?

Most Popular Reply

User Stats

255
Posts
154
Votes
Aaron H.
  • Rental Property Investor
  • Steamboat Springs, CO
154
Votes |
255
Posts
Aaron H.
  • Rental Property Investor
  • Steamboat Springs, CO
Replied

It could mean a lot of things - but county data is notortiously incomplete and bad, and values for taxation very rarely track actual market value. You need to figure out the actual condition of the house, any recent work, and do your own comps analysis to determine ARV.

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