Ontario Tax Sale Property Forum

Tax Sale Forum => Announcements => Topic started by: markymark on February 05, 2009, 06:10:00 PM

Title: Results
Post by: markymark on February 05, 2009, 06:10:00 PM

Trent Hills vacant lots.
7100 and 6700
Congratulations.

Title: Re: Results: Bluewater
Post by: Sasha on February 13, 2009, 07:50:08 PM

Bluewater, min.tender: $5,166.99
Assessment value:   RT $2,400.00
Highest Tender:         $16,270.00

Vacant lot on ravine, possible to get building permit.  Why pay so much considering assessment and economy? 

Title: Re: Results
Post by: farrouk on February 13, 2009, 09:36:47 PM

Sasha:
I have never seen an assessment that low (2400). What do feel the property's market value is?

Title: Re: Results
Post by: Sasha on February 13, 2009, 10:48:57 PM

The taxes were $32 per year.  I can't believe someone couldn't afford to pay $32 per year.  Perhaps someone trying to get a building permit and had too much trouble?  Certainly a structure on the property would greatly increase the value and assessment, considering its a ravine lot, the zoning is recreational residential though not on a lake.  Either someone didn't do their homework or did and knows something that we don't know.

Title: Re: Results
Post by: Pfm1011 on February 13, 2009, 11:03:39 PM

the only value in that land would be to a neighbour..anyone else just wasted 16k