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Sold - 12921 Pleasure Heights Rd Lowell

$24,900

Exterior Front

Address: 12921 Pleasure Heights Rd	City/ST: Lowell, AR	Zip Code: 72745
Location: 12921 Pleasure Heights Rd Lowell	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 732	Bedrooms: 3	Bathrooms: 1
MLS# 592842

Older home close to the lake with new vinyl sidings. 3br 1ba 732 sf built in 1970. New windows, new kitchen.

Last Updated: 1/26/2010 4:48:02 PM

Listing Agent and Office: Lisa Wakefield, RE/MAX Real Estate Results

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About Appraisals >Fair Market Value

What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the "fair market value" (FMV). FMV has been defined as "the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable about the property and neither is under any time pressure to buy or sell". Sounds great, but how is this price determined?

The starting point for determining a fair price may be an opinion of the value or "comparative market analysis". Such an analysis uses information on similar properties which are: 1) currently for sale, 2) already sold, or 3) expired properties (those which did not sell). Local, national and international trends and market conditions must also be evaluated.

By comparing similar properties in each of the three categories and the market conditions, appraisers, lenders and agents come very close to the maximum price that buyers would be willing to pay for a house.

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Q	Where was the actual location of the fictional Genovian Consulate in the 2001 Disney comedy, "The Princess Diaries"?
A	The historic Doheny mansion, located on the campus of Mount St. Mary's College, near downtown Los Angeles.
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Team Wakefield, REALTOR�, real estate agent and broker for Bentonville, Fayetteville and Bella Vista, Arkansas home listings, property and land for sale - NUMBER1EXPERT

Team Wakefield
RE/MAX Real Estate Results
3103 Moberly Lane
Bentonville, AR 72712
479.621.3927
michaelwakefield@NUMBER1EXPERT.com

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