The model's 80% range for this home is $155,235 to $192,057. In testing on later sales, ranges built this way contained the sale price 79% of the time.
That range is 21% of the estimate. It is set from how far this model's recent valuations fell from the prices those homes sold for, and is re-fitted every quarter.
Selected the way an appraiser would: nearby first, then similar in size, then ranked by closeness in age and quality. Every property below is a real recorded sale, so the reasoning can be checked rather than taken on trust.
| Neighbourhood | Size (sq ft) | Built | Quality | Distance | Sold | Sale price |
|---|---|---|---|---|---|---|
| CollgCr | 1,226 | 2009 | 7/10 | same block | 2010 | $198,900 |
| CollgCr | 1,208 | 2006 | 7/10 | 0.06 mi | 2010 | $206,000 |
| CollgCr | 1,232 | 2007 | 7/10 | 0.13 mi | 2009 | $194,500 |
| CollgCr | 1,240 | 2006 | 7/10 | 0.13 mi | 2007 | $194,000 |
| CollgCr | 1,290 | 2007 | 7/10 | 0.06 mi | 2009 | $200,000 |
| This property | 1,222 | 2010 | 7/10 | — | — | — |
The 80% range spans 21% of the estimate, in line with this model's normal precision.
A separate screening model scores this property 92% on resemblance to foreclosures, family transfers and unfinished construction. Confirm the sale is arm's-length before relying on this valuation.