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Black couple settle lawsuit as home value at $500k below real price

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Also, the value of their home will always go up, regardless of what is going on in the surrounding neighborhood, the world, etc. They are immune to market correction of any kind, since their home will always have to be compared to other neighborhoods, and must always be valued more for any stupid overimprovement they make. I bet their walk out basement cannot even be valued as finished basement. No ANSI, not for them. Somebody attend the hearing when they appeal their taxes, or does the cap take care of that whining in CA?
I'm sure anyone who appraises it will make sure to compare it to higher priced areas and custom homes without the needed adjustments.
 
Maybe not....
The next appraiser may valid Miller's number....
 
Has there ever been a sale in Marin City over $1.5M?
I have appraised in Marin City. Their value from their first appraisal seems suspiciously low.

I don't know what the effective date of the first appraisal was but I do know the GLA of the homeowner's place.

There are two sales from the past 12 months that were well over $1million and they were both in dated to very dated condition. Those sales were both significantly smaller in size.
 
Has anyone else noted a "Discrimination Limits of Liability" provision in their E&O policy? I renewed last week and saw it there. In digging back, it cropped up when I changed providers in 2021.
 
I have appraised in Marin City. Their value from their first appraisal seems suspiciously low.

I don't know what the effective date of the first appraisal was but I do know the GLA of the homeowner's place.

There are two sales from the past 12 months that were well over $1million and they were both in dated to very dated condition. Those sales were both significantly smaller in size.
The appraisal in question is just past 3 years old. A lot has happened most places in that time.
 
I have appraised in Marin City. Their value from their first appraisal seems suspiciously low.

I don't know what the effective date of the first appraisal was but I do know the GLA of the homeowner's place.

There are two sales from the past 12 months that were well over $1million and they were both in dated to very dated condition. Those sales were both significantly smaller in size.
Not sure on the trends for the area, was the market conditions similar back when the appraisal was completed? The house doesn't look that large from pictures and the addition appears to be below grade?
 
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