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Home Values & Property Values
Learn How to Estimate the Value of Your Home
On PropertyShark.com we provide you with professional tools to estimate your home or property value. How to start? Do a comparables search on your target home that queries recently sold homes in your area.
Comparables or simply 'comps' is considered the best tool to estimate home values and is widely used by real estate professionals, including appraisers, lenders and brokers.
On PropertyShark, you can use a wide array of filters and search criteria when running a comparables search. To estimate the value of your home or the property you want to buy you can pull out recently sold homes that are located within a specific distance (e.g. 1 mile) from your target home.
In certain areas, you can pull out recently sold homes by directly drawing an area on a map, which gives you the freedom to include or exclude recently sold homes on a given street or block.
If you are looking for general trends for property values you can always do a zip code search, which pulls out recently sold homes in a given zip code.
Property Value Report (Comparables Report)
After you have run an initial comps search you have to carefully select what home sales you want to include in your valuation. Not all returned home sales are arms-length-transactions, that is property sales conducted between two independent and unrelated parties. You would not want to include, when estimating your property value, sales between family members, non-profit organizations or any other sale that is performed at a below-market price. This types of sales will bring the estimated value of your home down.
On the other hand, you would also want to exclude package sales. These are single transactions made for multiple properties. In public documents each property will retain the price of the entire transaction. Although, these types of transactions don't happen very often, they could artificially inflate the value estimation of your home.
PropertyShark provides in many regions, data and tools to make flagging of non arms-length-transactions easy, even for non-professionals: the seller and buyer, package deals are flagged with an 'M', the listing descrription, distressed property information.
Recently Sold Homes
The list provides three samples of recently sold homes and properties. Please click on the property report to view the sale date and the sale price. Non-registered users have limited users have limited access to the website. We encourage you to create a free basic account.
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119-15 143rd St, Jamaica, NY 11436
- Baisley Park
- 2 story building
- 2,412 square feet
26x48 2 story building on a 40x100 lot zoned R3A. Built in 1950. Year last altered: 2019.Currently 2412 square feet. 2 total units. $58,500 assessed value. -
99-11 201st St, Hollis, NY 11423
- Hollis
- 2.5 story building
- 1,256 square feet
16x35 2.5 story building on a 25x100 lot zoned R3A. Built in 1935. Currently 1256 square feet. 1 total units. $34,500 assessed value. -
81 A Hull St, Brooklyn, NY 11233
- Ocean Hill
- 3 story building
- 1,728 square feet
16x36 3 story building on a 16x100 lot zoned R6. Built in 1910. Year last altered: 2010.Currently 1728 square feet. 2 total units. $49,620 assessed value.
Register for Free to Get Instant Access to our Property Sales Database
Create a free basic account on PropertyShark.com to get access to our database of property sales. In some regions, full access to property records requires a paid subscription.