Analyze property value using comparable sales, income approach, and cost methodology to generate accurate market estimates
I need a comprehensive property valuation analysis for a property I'm evaluating. The property is located at [PROPERTY_ADDRESS] in [CITY_STATE_ZIP]. This is a [PROPERTY_TYPE:select:single-family home,condominium,townhouse,multi-family (2-4 units),vacant land,commercial property] with [BEDROOMS:number:1-10] bedrooms and [BATHROOMS:number:1-8] bathrooms, totaling approximately [SQUARE_FEET] square feet of living space on a [LOT_SIZE] lot. The property was built in [YEAR_BUILT] and I would describe its current condition as [CONDITION:select:excellent,good,fair,needs work,major renovation required]. Recent updates or improvements include [RECENT_UPDATES_OR_NONE]. The property has these notable features: [NOTABLE_FEATURES?]. My purpose for this valuation is [PURPOSE:select:considering selling,preparing to buy,refinancing,estate planning,investment analysis,property tax appeal,general curiosity]. Please analyze this property using three established valuation methodologies. First, conduct a comparable sales analysis by examining what similar properties in this area have sold for recently, adjusting for differences in size, condition, features, and location quality. Second, apply the cost approach by estimating the land value plus the replacement cost of improvements minus depreciation. Third, if applicable to this property type, use the income approach by estimating rental potential and applying appropriate capitalization rates. After working through each methodology, synthesize your findings into a single estimated value range with a most probable value point. Explain which approach you weighted most heavily and why. Identify the three to five factors that most significantly impact this property's value, both positively and negatively. Conclude with specific recommendations for my stated purpose, including any steps I should take to verify or refine this estimate.
Range: 1 - 10
Range: 1 - 8
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Get Early AccessA property valuation assessment gives you a data-backed estimate of what a home or investment property is worth right now. This prompt walks through three professional appraisal methods for your [PROPERTY_TYPE] at [PROPERTY_ADDRESS] in [CITY_STATE_ZIP].
It runs a comparable sales analysis using recent neighborhood transactions, applies the cost approach based on [LOT_SIZE] land value plus replacement cost minus depreciation for a [YEAR_BUILT] building, and uses the income approach when relevant to your [PURPOSE]. You provide details like [BEDROOMS] bedrooms, [BATHROOMS] bathrooms, [SQUARE_FEET] square feet, current [CONDITION], and any [RECENT_UPDATES_OR_NONE] to get adjustments that reflect your specific property.
The output synthesizes all three methods into a single value range with the factors that push the number up or down. Pair this with the cap rate calculator for rental yield analysis or the investment calculator to model long-term returns. Run your property valuation in the Dock Editor to get a detailed assessment you can reference during negotiations or planning.
Enter the property basics: [PROPERTY_ADDRESS], [CITY_STATE_ZIP], [PROPERTY_TYPE], [BEDROOMS], [BATHROOMS], [SQUARE_FEET], and [LOT_SIZE].
Describe the property condition using [CONDITION] and list any upgrades in [RECENT_UPDATES_OR_NONE] so the valuation accounts for improvements.
Select your [PURPOSE] such as selling, buying, refinancing, or property tax appeal to tailor the final recommendations.
Review the three valuation approaches and the synthesized value range, then use the identified positive and negative factors to guide your next steps.
Homeowners preparing to list their property who want a realistic asking price before hiring an appraiser.
Buyers evaluating whether a listing price is fair based on comparable sales and property condition.
Real estate investors analyzing potential acquisitions using income and cost approaches alongside market comparables.
Property owners building a case for a tax assessment appeal with documented valuation methodology.
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