CANative
Elite Member
- Joined
- Jun 18, 2003
- Professional Status
- Retired Appraiser
- State
- California
I gave an off the cuff fee quote to an AMC (the one where the land is safe) for a small community at the opposite end of the county, about 70 miles north of me. I thought the quote was high enough to make them go away, and if I got it somehow I wasn't too worried because I did an appraisal there about a year ago.
So the order comes through and I check out the property. It's located on the same road and very near the Chandler Tree in Leggett CA. This is the famous giant sequoia that an idiot cut a hole in so that cars could drive through it.
http://www.yellowecho.com/travel/drive_thru_tree.htm
Then I look up the sales again and find that there have been only 3 sales in the last 6 years (as long as MLS goes back.) Those sales are from 2002 and 2003 and are on 5 acres and 20 acres. One expired listing ever, and 2 listings, one with 380 days. All are on acreage because there are no small lots anywhere near... except the subject. The lot is only 50' x 200' It took me almost 5 minutes to find the parcel on the assessor's map.
The nearest town to the south is 25 miles distant. The nearest burg to the north is about 10 miles but there are NO SALES list ever and the next town is 25 more miles and in another county. Nothing west until you get to the Pacific Coast about 40 miles away and that area is called "The Lost Coast" for good reason. Nothing east for a hundred miles. Nothing east unless you drive back south for 40 minutes, then take a winding highway for another 45 minutes to a remote valley with a population of about 200.
What would it take for you to do an appraisal like this?
So the order comes through and I check out the property. It's located on the same road and very near the Chandler Tree in Leggett CA. This is the famous giant sequoia that an idiot cut a hole in so that cars could drive through it.
http://www.yellowecho.com/travel/drive_thru_tree.htm
Then I look up the sales again and find that there have been only 3 sales in the last 6 years (as long as MLS goes back.) Those sales are from 2002 and 2003 and are on 5 acres and 20 acres. One expired listing ever, and 2 listings, one with 380 days. All are on acreage because there are no small lots anywhere near... except the subject. The lot is only 50' x 200' It took me almost 5 minutes to find the parcel on the assessor's map.
The nearest town to the south is 25 miles distant. The nearest burg to the north is about 10 miles but there are NO SALES list ever and the next town is 25 more miles and in another county. Nothing west until you get to the Pacific Coast about 40 miles away and that area is called "The Lost Coast" for good reason. Nothing east for a hundred miles. Nothing east unless you drive back south for 40 minutes, then take a winding highway for another 45 minutes to a remote valley with a population of about 200.
What would it take for you to do an appraisal like this?
Last edited:
