Property Valuation Estimate

Based on your provided property details

Property Details

Address: 123 Maple Avenue, Portland, OR 97205

Property Type: Single-Family Home

Square Footage: 1,850 sq ft

Bedrooms: 3

Bathrooms: 2

Year Built: 1995

Renovations/Features: Renovated kitchen (2020), hardwood floors, energy-efficient windows

Estimated Property Value

$585,000

Based on provided information and current market conditions

Calculation Breakdown

Base value (1,850 sq ft × $300) $555,000

Bedroom adjustment (3 × $10,000) + $30,000

Bathroom adjustment (2 × $5,000) + $10,000

Age adjustment (28 years old, 8 years over 20) - $8,000

Renovation adjustment + $15,000

Total Estimated Value $602,000

Market Adjustment (-3%) -$17,000

Final Estimated Value $585,000

Market Considerations

Single-family homes in the Portland area have shown stable appreciation of approximately 4% annually. The property's location in a desirable neighborhood with good schools adds value. Recent comparable sales in the area range from $550,000 to $625,000 for similar properties. The renovated kitchen and energy-efficient features provide additional value in the current market focused on sustainability.

Important Disclaimer

This is an automated estimate and not a professional appraisal. Actual market value may vary significantly based on local market conditions, comparable sales, and other factors not considered in this basic calculation. For an accurate valuation, please consult with a licensed real estate appraiser or agent familiar with your local market.

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