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Good Luck with this Sale

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John LaBelle

Thread Starter
Junior Member
Joined
Jul 5, 2006
Professional Status
Certified Residential Appraiser
State
Massachusetts
ESPN is reporting the new owner of Michael Vick's Virginia home, which was the training center for his dog fighting business, is going to sell the property at auction. ESPN reports he paid 400 something for it a few months ago, and will not sell it for less than 1 million.

Good luck comping that one. I hope it is a cash deal. :rof:
 

Annelle

Junior Member
Joined
Jan 26, 2004
Professional Status
Certified General Appraiser
State
Arizona
Was it previously used as a Dog Kennel and or was there a zoning change or Special Use Permit? Were there any improvements made? If permited, is the income information available? :rof:

And...

In the Los Angles area there is a market reaction to homes that have been owned by famous people. I personally have not appraised any, but I am aware of some appraisers that have. In any event, I bet getting comps for a dog kennels with a mixed use of residential and drug dealing is tough.

Just some dog food for thought.. :new_smile-l:
 
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