Posted: Tue Jul 25, 2006 8:55 pm
Our realtor worked with an estimator (appraiser? she called an estimator) and the current list price is within the estimator's price range, but at the higher end to try to recover some of the realtor's fee. Before listing it with a realtor we had it listed for $78,000, which was at the lower end of the range. Again, the current price is negotiable. The estimator gave us a price range, rather than a set value, because it was hard to find comparable properties in the area that have sold recently due to the unusual design and hand crafting, instead of prefab materials (cabinets, etc.).have you had it appraised?
We bought the house in 2000, and since then we've put about 20K materials into it plus our blood, sweat, and many tears (remodeling is a learning experience!), plus there was likely some appreciation of property in the area since we bought it.
We worked in Lexington and commuted home to the hills. It was worth it for us because house prices are very high there and you get no land in Lex. The closest places around there for decent paying jobs are Lexington, Richmond, Georgetown, and Frankfort (a bit far).