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flooded home

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DHerbst

Freshman Member
Joined
Jan 17, 2002
Professional Status
Certified General Appraiser
State
Texas
I am doing an appraisal of a home which was built in the 100 year flood. It flooded in 1991 so the guy built his own personal levy around the house to keep out future flood waters.

The appraisal district will not give him a break on the value so he wants an appraisal to make is point. In my mind it is less than it would be otherwise but how much. It is about 5,000 SF, very nice custom home.

Can anyone help me with market data to derive an adjustment for Flood vs not in flood. Maybe someone from Houston??? [email protected]
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Check for mold, double check, triple check, and quadruple check for mold. Look in places you woulda neva thunk. BEHIND the sheet rock, water heater closet, storage, etc....Mold is the key....a mycotoxic mold may make the property uninhabitable....48 Hours wasn't jerking your chain. This problem is real.
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
In the 80's there was a home in Pasadena, Texas that was in the flood plain (elevation 10') that had a 6' berm around it and flood gates. That would be a perfect comp if it has sold. You might call a Pasadena appraiser.

Roger
 
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