Sales Comparison Approach
Relevant closed sales are screened, ranked and reconciled using a weighted median of their model indications. Open each comparable to see its calculation and any permitted MLS details.
An automated property-value estimate based on available comparable sales and property data.
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The sales-comparison model is deterministic and requests available MLS closed sales for each estimate. It screens certain atypical transactions and applies adjustments only when supported by the available evidence. Cost and income calculations can provide additional indications using documented inputs; those are not automatically blended. This is not a substitute for a professional appraisal.
Methodology last reviewed:
Start with the address, location, and residential subtype. When VidaValue can uniquely verify the property in MLS, verified objective property facts take priority over manual entries. Optional details are used only when relevant and supported by the available comparable data.
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Reviewing available comparable sales…
Automated Property Valuation Report
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Estimated value
See the closed sales supporting your estimate and open permitted MLS property details. Property similarity describes matching characteristics, not valuation accuracy.
Appraisers consider three valuation approaches when relevant and supported by evidence. VidaValue distinguishes what it can calculate from what needs professional verification.
Relevant closed sales are screened, ranked and reconciled using a weighted median of their model indications. Open each comparable to see its calculation and any permitted MLS details.
Enter supported land value, replacement cost of improvements and accrued depreciation. VidaValue computes the indication without inventing those inputs.
Find a closed-rental market benchmark when supported by MLS. Enter vacancy, annual operating expenses, and a market-supported capitalization rate to calculate an income indication.
Sales comparison remains the principal automated estimate unless the additional inputs are independently verified. Separate indications are compared, not mechanically averaged.
These approaches are not automatically averaged. A formal appraisal requires a qualified appraiser and an appropriate scope of inspection and verification.
VidaValue™ is an automated estimate for informational purposes only. It is not an appraisal, broker price opinion, professional comparative market analysis, or guarantee of value. Property condition, renovations, views, building characteristics, association information, market changes, and other factors may affect value. Request a professional CMA for a personalized analysis.
Request a complimentary professional comparative market analysis prepared by Vida Luxury Group. We'll review your property, recent comparable sales, condition, location, and current market activity.