Sure. The appraiser has to consider all sales in the market. If those properties were actively listed in the open and competitive marketplace with adequate exposure to the market. The municipalities are cash buyers just like all other land buyers. You need to know the terms of sale and buyer motivation. Contact the municpality's real estate divsion, they will provided the information because it has to be available to the public. While their providing the information ask if you can get a copy of the appraisal report associates with the sale. Remember it is a sale by a public municipality covered by the freedom of information act.
Jun 20, 2011