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Appraisal in November 1991 was for $430,000. Since then, improvements have been made costing $53,000. Appraiser says it will appraise for significantly over $500,000 now. Asking price of $575,000 is below the average cost per square foot of homes sold over the last two years.
Utilities costs for 1997 were $179/mo for electricity and $32.75/mo for gas. Utilities costs for 2000 were $202/mo for electricity and $51/mo for gas.
Taxes for the year were $2,859.52 in 1997 and $3,052.72 in 2000. Homeowners insurance, including windstorm and hail was $2,470.00. Flood insurance is not required, as the home is above the 500-year flood level. The owners carried flood insurance anyway, at a cost of $426/yr.
The home is covered by warranties for both subterranean and drywood termites. These coverages are assumable. Preventive treatment for subterraneans was done by Terminix, and the renewal costs $192/yr. The drywood termite coverage is by ABC Pest Control, and renewal is $125/yr.