The model's 80% range for this home is $146,432 to $179,047. In testing on later sales, ranges built this way contained the sale price 79% of the time.
That range is 20% 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 |
|---|---|---|---|---|---|---|
| OldTown | 1,690 | 1916 | 7/10 | 0.46 mi | 2006 | $144,000 |
| OldTown | 1,768 | 1914 | 7/10 | 0.38 mi | 2006 | $163,000 |
| OldTown | 1,641 | 1925 | 7/10 | 0.32 mi | 2006 | $178,000 |
| OldTown | 1,595 | 1915 | 6/10 | 0.19 mi | 2006 | $155,500 |
| OldTown | 1,762 | 1920 | 7/10 | 0.46 mi | 2006 | $157,000 |
| This property | 1,690 | 1910 | 7/10 | — | — | — |
The 80% range spans 20% of the estimate, in line with this model's normal precision.