Higgins Lakefront Property Values Dropping
Treasure Island Higgins Lakes North Basin
Higgins lakefront values have dropped, but not nearly as much as real estate in general. Higgins Lakefront values will tend to be more stable because there are fewer parcels available than non lakefront properties. Think of it this way, the law of supply and demand will usually keep property values stable because there are fewer parcels to market and sell.
Property assessments are remaining stable for lakefront according to Gerrish Township. I have come to another conclusion however. Using the power of the market place, 60% of Higgins Lakefront parcels that SOLD during 2008, SOLD below the SEV that the assessor said they are worth. With this fact in mind, property owners should consider protesting their 2009 property assessment. Specifically speaking, vacant lakefront property that SOLD in the 3rd quarter of 2008 SOLD for much less than assessments are valued at.
Click Here For a Listing of All Higgins Lakefront Homes for Sale from Ken Carlson >>>
If you are considering appealing your 2009 assessment time is of the essence.
Disclaimer: The above data was taken from the Rosco MLS Inc. and should be independently verified by the user.
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