Estimate your property's appraised value using sales comparison and income approaches, just like professional appraisers.
Positive = better than comps
Pool, garage, extra bed/bath
$212/sq ft average
70% comps + 30% income
| Subject Property Sq Ft | 1,800 sq ft |
| Average Comparable $/sq ft | $212 |
| Base Value (Comps) | $381,000 |
| Condition Adjustment | +$0 |
| Lot/Location Adjustment | +$0 |
| Feature Adjustments | +$0 |
| Sales Comparison Value | $381,000 |
| Income Approach Value | $280,000 |
| Blended Estimate (70/30) | $350,700 |
Instant delivery · No spam · Unsubscribe anytime
No spam, ever. We only email you about topics you care about. Unsubscribe anytime.
Sales Comparison = Avg $/sq ft × Sq Ft + Adjustments
Income Value = NOI ÷ Cap Rate × 100
Blended = 70% Sales Comparison + 30% Income Approach
Appraisers primarily use three approaches: (1) Sales Comparison — adjust recent comparable sales for differences in size, condition, features. (2) Income Approach — for rentals, NOI ÷ cap rate. (3) Cost Approach — land value + depreciated replacement cost. Residential appraisals weight sales comparison most heavily.
Key factors: square footage, lot size, bedroom/bathroom count, condition, age, location, recent comparable sales (comps), upgrades (kitchen, baths), garage, pool, and market trends. Location is the single biggest factor.
Automated estimates (Zillow Zestimate, etc.) have median errors of 2–7% in active markets and can be off by 10–20% in slower or unique markets. A licensed appraisal is the most accurate method, typically costing $400–$700.
Price per sq ft = Sale price ÷ Living area sq ft. It normalizes for size. Compare price/sq ft of your home to comps to estimate a quick value. Adjust for condition, location, and features.
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.