...But not for what he claimed it was worth when he managed to get its assessed valuation reduced by another town. Desso's home will soon appear on the multi listing service and we're guessing it will be over $400 k which does not include the value of the subdivided lot given to his son which was a part of his original property tax reduction of 16%.
The Times Union has a feature story here which will appear in tomorrow's print edition. Desso argued his assessment was too high and it was reduced to $313,500, down from its original assessment of $372,692. It has a market value of $325,508, according to the 2018 North Greenbush assessment rolls but we have said all along his tax reduction was undeserved and that the market value was higher than he claimed.
Soon we will see who is right as the listing price will soon be public. Remember that when it was reduced in 2016 by 16% or $47,184 in assessed valuation, it included the value of the lot he subdivided. This lot value must be added to his selling price to appreciate the full value of the undeserved tax reduction.
Did we mention it comes with "half a pool"?
Our post from last October displayed the map of the property on which his pool is built, half of which rests on land he has no title to.
Oh well, prospective buyers can move that diving board or perhaps Lou can use some of that free soil he got to fill it in and fence things off accordingly. BTW, it's the first time we've seen a home seller have his lawyer speak to the press about a simple decision to list a home. Hopefully his attorney is getting a paycheck for his services and not getting the same freebies Lou gets for soil, a fundraiser bill, a portion of which remains unpaid, sewer extensions, sewer bills etc.
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