Appraisal Purpose
With regard to real estate, the primary reason for an appraisal is to arrive at the most accurate price that would yield itself to the market for that real property. Once priced, it can then be used by buyers, sellers, lenders, or investors to make financial decisions ensuring that what is being done is fair within itself, and, where necessary, enables an appropriate price to be formulated for legal purposes or financial reasons. There are many types of appraisals and reasons they need to be conducted. Below are a couple common scenarios.
Why Might One Need A Divorce Appraisal?
After a divorce, if a property needs to be sold, an appraisal will help determine a fair and impartial value assigned by an independent expert, thus ensuring equitable division of property and removing guesswork and thus the potential for conflict, offering an added degree of clarity at a time already fraught with difficulty.
What is a Drive-By Appraisal?
Simply put, a drive-by appraisal is an inspection done outside of a property by an appraiser who will only examine external features and verify ownership by reviewing public records before estimating its value. Drive-by appraisals are typically used to establish a loan value for the property in low-risk lending or refinancing situations. They can usually be completed quicker than full appraisals as well.
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Historical Overview
Among the best waterfront neighborhoods around New Haven Harbor, Long Wharf is perhaps best appreciated for its history and rich maritime legacy. Originally established by Robert in the latter part of the 1600s, Long Wharf served as the bustling center of New Haven's coastal shipping industry, developing into a development engine for trade. By the late nineteenth century, it became the city's principal port entry point, serving thousands of vessels crossing the Atlantic. Its historical roots are now almost invisible to modern dining, entertainment, and scenic harbor views across the port of New Haven, thanks to reduced industrial activities.
Appraisal insight
The residents of Long Wharf are often drawn to its appealing juxtaposition of historical value and modern-day character. These facets enhance the value of these properties due to their proximity to the waterfront, the historical significance of the location, and its connection to the available dining and entertainment options. Our appraisers consider other pertinent issues, such as location, square footage of the property, land size, and state of property, in a bid to provide the most accurate appraisal possible. Long Wharf is uniquely appealing in that it embodies both the essence of industrial history and contemporary convenience, thus bringing about an intense demand for properties in this area.
Property Appraisal Articles and Resources
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A Neighborhood Full of Energy
Long Wharf is today a busy intersection where one can find culture, waterfront food trucks, and leisure activities in the company of beautiful sunset views from the harbor. Facilities such as parks, theaters, and many others are within simple reach of both residents and visitors. Interstate 95 is very close to Long Wharf, making it easily accessible for both locals and tourists alike.
Local Attraction: Long Wharf Theatre
Of course, the main attraction at Long Wharf is the Long Wharf Theatre, a prestigious performance arts venue that offers exciting productions all year long. Dedicated and established in 1965, the theater has gained acclaim all over the country for its work in nurturing new and original writing and has become a cultural anchor in this community, as its audience comes from all over the region.
Food Trucks in New Haven: A Diner's Delight
Long Wharf is home to a strip of many food trucks, dubbed Food Truck Paradise, and located in an area known for its beautiful waterfronts. Lined up along the water, these food trucks offer a diverse representation of culinary approaches. Ranging from really authentic Mexican-style tacos to really gourmet seafood, the trucks host the taste of every palate under the sun. You must visit the site—it's a great place to check out while in the area.
Local Attraction: Long Wharf Nature Preserve
For the outdoor adventurer, check out
Long Wharf Nature Preserve. It's a quiet place to walk and enjoy a little bit of the local fauna as well. The preserve pays homage to Mother Nature and the coastline of New Haven, aiming to preserve as much beauty, attention, and visibility for New Haven's coastline as possible.
