i want to find the actual value of a vacant lot located at 0 massachusetts,houston, texas 77029

i want to find the actual value of a vacant lot located at 0 massachusetts,houston, texas 77029
In Selling Property - Asked by belinda w. - Aug 23, 2010
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Answer(s)

David C.
Los Angeles, CA

Thank you for your question the value of a vacant lot in Houston, TX. Your best resource for 'actual value' vs market value is the Harris County Appraiser http://www.hcad.org/ Please follow the link for more information.

Aug 25, 2010
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Lorrie S.
Broker/Agent
Dallas, TX

An appraiser can determine Market Value or Fair Market Value, Forced or Orderly Liquidation Values, but "actual" value is not a term known to an appraiser. If you tell an appraiser what the function of the appraisal is (why you want to know), the appraiser will determine the purpose (assigned use) of the appraisal report.

Sep 6, 2010
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Rigoberto J.
Broker/Agent
Houston, TX

To find the value of your site without spending any money on an appraisal, you can contact a broker such as myself, we provide BPO brokers price opinion which is based on actual sales data of properties that have sold withing the last 6 months. The value of a property is the price that a willing and able buyers is willing to pay without any duress and the price that a willing and able sellers is willing to sell which is not under any duress.

Sep 6, 2010
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Jonathan G.
Broker/Agent
Marion, AL

If you are willing to do a little investigation on your own, you can compare Tax Assessed Value to Recently Sold Properties. You find Tax Assessed Values at the County Tax Appraiser's office.
As an example you can see a 1 acre property is assessed at $10,000 and sold last week for $20,000. A second 1-acre lot was assessed at $10,000 and sold for $25,000. You can then do some basic math and get in the ball park of determing a sell price by using the assessed value of your land with the expected sale price. If your 1-acre lot appraised for $15,000 then you could set an asking price between 2x to 2.5x the TAV and probably be in the ball park.
I hope this helps.

Sep 9, 2010
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