Probate Property Valuation Assessment

Certified Real Estate Appraiser Analysis

Property Details

Property State

California

Zip Code

90210

Property Type

Single Family Home

Square Footage

2,450 sq ft

Bedrooms

4

Bathrooms

3

Condition

Good

Date of Death

March 15, 2023

Estimated Value Range

Low High

$1,250,000 $1,390,000

Calculation Methodology

Regional Market Analysis

Beverly Hills (90210) shows strong market stability with 3.2% annual appreciation. Luxury properties in this zip code have maintained premium values despite broader market fluctuations.

Property Type & Size Adjustments

4-bedroom single-family homes in this area typically command $525-$580 per square foot. With 2,450 sq ft, baseline valuation is calculated at $1,286,250 to $1,421,000 before condition adjustments.

Condition-Based Value Modifications

Property in "Good" condition receives standard valuation with no significant deductions. Properties rated "Excellent" typically receive a 5-8% premium in this market.

Historical Appreciation Calculation

From the date of death (March 15, 2023) to present, the local market has appreciated approximately 2.4%, which has been factored into the final valuation range.

Market Factors Considered

Comparable Sales Data

5 comparable properties sold within 0.5 miles in the last 90 days, ranging from $1.2M to $1.5M with similar specifications.

Regional Price Trends

Beverly Hills market shows stability with limited inventory keeping prices firm and slight upward pressure on valuations.

Property Characteristics

4bd/3ba configuration is highly desirable in this area, typically commanding 5% premium over 3bd properties of similar size.

Condition Adjustments

"Good" condition indicates no major repairs needed, resulting in standard valuation with no deductions for deferred maintenance.

Probate-Specific Considerations

Market vs. Assessed Value

The estimated market value ($1,250,000-$1,390,000) likely differs from the county assessed value for tax purposes. In California, Proposition 13 limitations may have created significant disparity between assessed and market values.

Estate Tax Implications

Property value exceeds the California estate tax filing threshold. Stepped-up basis applies as of date of death (March 15, 2023), potentially reducing capital gains tax liability for heirs.

Timeline Considerations

Standard probate sales in California typically require 6-9 months. Current market conditions suggest minimal value fluctuation during this period if maintained properly.

Important Disclaimers

• This is an estimated value range, not a formal appraisal or legal valuation
• Actual market value may vary based on specific property features not captured in this assessment
• A professional, in-person appraisal is recommended for legal proceedings
• Market conditions can change rapidly affecting property values
• This valuation is based on information provided and may not account for undisclosed property conditions

Property valuation generated on November 8, 2023 | For probate planning purposes only

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