You have gotten some fine answers. You indicated the property will eventually be sold. The actual time you intend to market the property for sale,is a major consideration. If it is in a few weeks,that is one thing, however, if it is in 3, 4,5,6 months, a year etc., the market could be vastly different. You can check on the approximate value now by seeing similiar listed properties at http://www.realtor.com
and at sites like http://www.zillow.com http://www.cyberhomes.com http://www.trulia.com etc. Right now some appraisers are using some list prices as comps because sold prices are historical in a fast changing market. I would recommend you discussing your situation with a professional Realtor ( I can recommend some). You can also think of how to attract buyers when you decide to sell. Offering seller financing, interest rate buydowns for the buyer's mortgage, closing costs etc., may help.
If you are curious as to how much your house would be worth if you chose to sell in the current time, you can contact a Realtor who could perform a Market Analysis as many have stated below. However, if you are considering putting your home on the market in the near future a CMA propbably won't cut it. In this market, in my opinion I always look at the oncoming foreclosures into the market. Unfortunately these will affect the value of your home. For example, in your zip code their are 104 homes currently in preforeclosure. Meaning if those homes go back to the bank you could have a good number of bank owned homes coming onto the market in the next few months. Currently their are 45 bank owned properties. Some of which have not been released onto the market yet. So in closing do remember that an Appraisal from an appraiser, or a CMA for a realtor will only be good for a short period of time. The market changes constantly. My suggestion is to go ahead and get a CMA from an agent but have them attach the near future foreclosure market in you area. If you contact me with your address I would be happy to email a complete analysis that includes the future foreclosure scenarios.
Have a Wonderful Day!
Contact a Realtor. We offer a CMA (comparative market analysis) as a free service to you. We compare other similar recently sold properties to yours to come up with a price.
Connie Umbarger & Tony Flores
Real Estate Team
Prudential Ca Realty http://www.HomeShopperSanDiego.com
On your property tax bill it will have a value of the land only... however this would not be the true market value if you were selling it. Contact your local real estate agent and they can do both. If you don't have an agent yet, I am local. I have been an agent and have lived in the area for 20 years. I can help.
Good luck, Denise Gleavey