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Albany County School District orders new appraisal for 1212 Baker Street and pauses offers
Summary
After trustees raised concerns that a five-year-old appraisal markedly undervalued the site, the Albany County School District #1 board voted to obtain a fresh appraisal for 1212 Baker Street and approved an amendment pausing all offers until the appraisal is complete.
Albany County School District #1's Board of Trustees voted to obtain a new appraisal for district property at 1212 Baker Street and approved an amendment pausing all offers on the property until that appraisal is completed.
The action followed testimony from the district's realtor, Mr. Walsh, who said the district's comparative market analysis and the district's expired appraisal were “so far off in different spectrums” that a fresh professional appraisal was warranted. Trustees discussed three existing…
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