Free Property Valuation Report Template
Property Valuation Report
I. Executive Summary
This property valuation report provides an assessment of the residential property located at 123 Oak Street, Springfield. The valuation is being conducted to support the sale process of the property. The estimated market value of the property as of January 15, 2065, is $520,000.
II. Property Details
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Address: 123 Oak Street, Springfield, IL
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Property Type: Residential (Single-family home)
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Size: 2,500 sq. ft.
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Lot Size: 0.25 acres
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Age of Property: 20 years
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Legal Information: Title is clear, no zoning violations
III. Market Analysis
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Recent Market Trends: The local real estate market has shown a 6% year-over-year increase in property values, with particular growth in suburban areas.
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Comparable Property Sales:
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115 Oak Street: Sold for $510,000
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130 Oak Street: Sold for $530,000
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150 Maple Street: Sold for $515,000
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IV. Validation Methodology
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Sales Comparison Approach: The valuation was primarily based on comparing the property to similar homes in the area.
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Cost Approach: An estimate of the cost to rebuild the property was also considered, taking into account depreciation.
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Income Approach: Not applicable as the property is not income-producing.
V. Property Condition and Inspection
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Exterior: Well-maintained with updated landscaping.
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Interior: Recently renovated kitchen and bathrooms.
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Structural Integrity: No issues reported.
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Photographs: Included in the appendix.
VI. Valuation Conclusion
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Estimated Value: $520,000
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Rationale: The property’s good condition and strong market trends support this valuation. Comparable sales in the neighborhood also reinforce this estimate.
VII. Appendices
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Photographs of the property
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Title deed
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Property inspection report
