Checking Valuations of the Properties listed in the Ehrenberg Bankruptcy Filing and Inconsistencies…
The following is a rough estimate of some of the understatements made on the bankruptcy filing listed in the previous article.
Each of the properties listed in the bankruptcy filing was, in our opinion, grossly undervalued, except the Highview Road home (which presumably is the family’s primary residence).
We did our own research. Unfortunately, it is difficult when much of the property is listed as random parcels of land, no acreage numbers listed, no plot numbers of land posted, etc. Omissions can be a valuable resource.
Therefore, the below should be accepted as guesswork – initial due-diligence and an opinion based upon that due diligence which reflects information publicly available on various land valuations sites.
Tantillo Way, North Adirondack, New York. This property could be anywhere and we are further researching. But in Altona, the properties run from about $17,000 – about $50,000.00. We will need to check this further.
John Hill Road – Moira, New York. This property is the same as the Tantilloo Way property. It could be an entire gamut of prices and valuations. The figure put the on the filing, however, is grossly understated. https://www.realtor.com/realestateandhomes-detail/John-Hill-Rd_Moira_NY_12957_M46011-84753
Route 208 Washingtonville, New York. Route 208 is a state highway in Washingtonville. The valuations there are fairly significant for lots with homes. However, we find it very diffiuclt to believe that there is any property on that road for $5,200.00. There again, we would gladly purchase the property out of bankruptcy. The least expensive we could find on the maps as $11K and it backs Clove Street. Having said that, the houses built in that area go for about $450K. Quite the investment (and understatement).
1212 Sumac Road Mckeesport, PA – listed as $700.00 in value. We will gladly take it off his hands for that amount!
1212 SumacMcKeesport, PA 15132
Last Sold Price
Lot Size: 2,940 Sq. Ft.
Status: SoldSource: Public Records
Redfin Estimate for 1212 Sumac St
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Last Sold Price Unknown
Estimate history not available – we’ll add it here when we have enough quality data.
Redfin Estimate based on recent home sales.