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Free Property Valuation

Median Property Valuation
$364,026
Nationwide
$229,000
Ohio
Median Assessed Value
$94,600
Nationwide
$47,523
Ohio

Free Property Valuation Lookup

Property values drive the real estate market. They fluctuate based on many factors, and before investing in property or buying a home, you need to check the updated value to understand what you are getting into. PropertyChecker makes this easy with its FREE property valuation lookup. Check any property in the U.S. instantly without any hassles.

Free Property Valuation Lookup Tool

If you have been wondering about the value of a property in your area, look no further. Enter the address above to see the property value as of today. Our instant, FREE property valuation lookup tool can help you make an informed decision before buying. Not only can you see the value (fair market and assessed), but you can also see how the property stacks up against others in the state and the country. PropertyChecker lets you compare the median value of property in each state.

How is Property Valued?

Property values determine a property's current market value. These values are typically used in real estate transactions when buying, selling, or investing in property. Depending on the reason for the valuation, the person calculating may use various methods to arrive at the proper value. Property values are calculated for the following purposes:

  • Real Estate Transactions: The most common reason a property is valued is before it changes hands in a real estate sale. The buyers want to know how much the house is worth before purchasing and ensure that they are making a good decision.
  • Tax Assessment: Counties, cities, and school districts value property for tax purposes. Each piece of property is given a value, which is then multiplied by the local tax rate. Property owners must pay the property tax annually.
  • Investments: Before investing in residential or commercial properties, investors want to ensure their investment is sound and they aren't losing money. They do this by getting an appraisal to determine the property's worth on the open market.
  • Lending: When home buyers need money, lenders require an appraisal. They want to know that if the buyer defaults on the loan, they can sell the property and get their money back. Valuing the property protects the bank and ensures the value supports the loan.

Methods of Calculating Property Values

Municipal tax officials may use different approaches to valuing property than an appraiser would. However, the most common ways that a professional calculates the value of property are as follows:

Sales Comparison Approach

Appraisers, some counties, and real estate professionals most often use the sales comparison approach. This approach compares recently sold properties in the area (comparables) to the target property and adjusts for differences. If a neighboring house is identical but has a fireplace, its value will be higher than that of one without. A skilled appraiser will compare properties and determine the fair market value (FMV).

Cost Method

The cost approach is different in that it computes the cost to replace the building using today's standards for materials and labor and then adds in the value of the land. This method is frequently used for industrial, odd, and commercial properties.

Income Method

The income method is often used for investment properties (commercial or rental buildings), and the value is estimated based on how much income it can generate. For example, an apartment building is easy to calculate; the appraiser would add up all the rental income that the property earns each year, and that is the property's value on an annual basis.

Square Footage Method

Sometimes, an appraiser will use the square footage and attach a price per square foot based on local rates to value the property. This method works well for commercial properties.

What Affects the Property's Value?

Many things affect a property's value. The most impactful factor is its location and proximity to schools, parks, transportation, and other amenities.

  • Size and Condition: The size and condition of the property also matter. The number of bedrooms, bathrooms, and other special features factor into the equation.
  • Market: Real estate markets fluctuate constantly based on inventory levels, buyer interest, and interest rates. The less inventory there is to choose from, the higher the values will be, and vice versa.
  • Sales Activity: Recent sales in the local area will affect houses that go on the market.

Market Value vs. Assessed Value

The market value and assessed value often vary quite a bit. The fair market value is the amount the house could sell for in the current market. It's what a buyer would be willing to pay for it today. The assessed value is the value the county, city, or government district arrives at to determine its tax liability. These figures are often very different. Some countries use the sales approach, and values may be identical, but that is rare. Typically, an assessed value is only a percentage of the market value. PropertyChecker data also shows the assessed value and the property's fair market value.

Why Use PropertyChecker's Property Valuation Tool

The property value is not the listed price. It is the value of the property in the current market. With PropertyChecker's valuation tool, you will save time analyzing potential real estate deals. You can avoid overpaying for clearly overpriced property, and you can screen leads quickly and move on if something isn't worth it. Our tool can also help you find backup offers with data-driven insights. Never go into another investment deal unarmed. Use our property valuation tool for FREE any time of day or night from the comfort of your home or office.

Get Even More Property Data with PropertyChecker

Uncover more than just the property value. When you perform a property search on PropertyChecker, you can learn much more about the property. We source information from dozens of government, public, and private companies to fill in all the blanks. Some of the property details you can find using PropertyChecker include:

  • Property Owners
  • Purchase History
  • Loan Records
  • Deeds
  • Property Details
  • Neighborhood Information
  • Property Tax Records
  • Property Values
  • Building Permits
  • Foreclosures
  • Lien Records
  • Residents
  • And Much More!

Try PropertyChecker's FREE property valuation tool today and consider a free search for a complete property detail report to find out all you can about the property before investing.

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