Property value and taxes are way under what the asking price is
Hello ,
This duplex house I saw it’s on the market for $850.000 in Dorchester Mass , I scrolled down and looked the property tax for 2020. Taxes are 6k and it’s valued at 476.000. I know homes here in Mass are very expensive. Still wondering why is valued so low?
I guess my question is , will the lenders have issues funding this deal. And yes I haven’t asked a lender yet about it. Will go to see it first.
Just wanted to get some feedback on it.
Appreciate it if anyone can comment on it.
Happy investing BP family