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Richard (second from right) and Diane Schmalensee's (right) house in Chestnut Hill is for sale and priced below its assessed value.
Richard (second from right) and Diane Schmalensee's (right) house in Chestnut Hill is for sale and priced below its assessed value. (Laurie Swope/For The Boston Globe Photo) Laurie Swope/For The Boston Globe Photo

`Priced below assessment'

In declining market, buyer interest grows when sellers ask less than valuation

By Kimberly Blanton
Globe Staff / September 7, 2006

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Falling prices have created a new twist in the suburban Boston real estate market: More homes are selling for less than their assessed values. (Full article: 1034 words)

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