This calculates a 30 year fixed rate mortgage with a 10% down payment and a 4.25% interest rate. Mortgage insurance, average property tax and home owners insurance are factored into this calculation. HOA and condo fees are not factored into this calculation.
Hesstimated value range
Estimated accuracy of the valuation
How the Hesstimate™ is Calculated
Our Hesstimated value range uses recent sales (comparables) near the subject property to determine the likely selling price for the property.
To compute the valuation two datasets are used: property characteristics (beds, baths, size, year built, lot size and geospatial location) and information about recently transacted sales.
We feel that a value range is more accurate because oftentimes the final price of a home is determined by many external factors such as market conditions, condition of the property, and seller motivation.
For the most accurate valuation, contact me for a free consultation and detailed market analysis.