If the property is located in an official urban redevelopment or urban renewal district, you can recover the value of ALL improvements, not just repairs.  

This means thousands of dollars more in engineering, surveyor, and architectural cost plus months of extra work.Original 2-story garageHISTORIC CONSIDERATIONSTo complicate things further, the structure is located within a historic district.

we are in great school district w low crime and highly desirable mid century aesthetic. 

The property is in a city/town that is appreciating quickly, is in an excellent school district, and is going through continuous development.

I've heard "only in the historic district" but that's about it.

The rep not for his district got involved and the rep helped get the assessed value to match the transaction value

HOWEVER - if you're approaching it more so from the perspective of wanting a place to settle down and possibly later on emphasizing on school districts, your evaluation criteria will be different than someone who is a pure investment play. 

Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax*I have a graded neighborhood map of these areas as well if you would like to check it out.

In many places, a "standard" residential district zoning (e.g.

Investment Info:

Single-family residence fix & flip investment in Seattle.

Cash invested: $500,000

Sale price: $1,049,995

Contributors:
Jess Haas

Remodeled, condoized & sold t...