Three Homes Sell this Week in Monroe

Three Homes Sell this Week in Monroe

There are 1 comment on the story from Jan 20, 2012, titled Three Homes Sell this Week in Monroe. In it, reports that:

6 for $195,000. The home was sold by David A. Ware and Margaret Henderson to Eric A. Fearn.

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Trumbull, CT

#1 Jan 21, 2012
A home in Monroe FOR $125,000? The assessor had total valuation as $283,500 with a net assessment of $198,450. I am wondering just how often does a home in Monroe sell this far below the assessed value and how does that effects property values?
Either someone got a steal or the property was being over valued and the owners were desperate?

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