Sunday, July 17, 2011

DeKalb property values keep falling

Here's an anecdotal example:

I just saw this listing for a 2 bedroom/one bath house in zip code 30035.

It was priced at $13,000 last week. This weekend, HUD dropped it to just $8,000.

County records show the same house sold for $42,400 in 1994. DeKalb County's most recent tax assessment put its value at $35,280. Whoever buys it will pay 2011 taxes based on the county's $35k estimate.

Any takers?

1 comment: