If we look in your immediate area, the average sales price is about $1.2mm, but the homes that have sold have been considerably bigger, averaging 2,200sqft on similar lot sizes.
To get you the best indication of value we have to expand the search to the other side of Stelling, where you'll find two sales:
Address City Beds Bath DOM LOE SqFt $/SqFt Lot(SqFt) List Price Age Sale Price
10450 Ann Arbor Av Cupertino 3 1|0 38 32 1,053 $925.93 9,125 $998,000 60 $975,000
10494 N Stelling Rd Cupertino 3 2|0 9 22 1,522 $542.05 9,375 $825,000 60 $825,000
AVERAGE VALUES 24 27 1,288 $733.99 9,250 $911,500 60 $900,000
So based on these two sales, if your home is in "average" condition, it'll sell around $900K... which is unfortunately $100K less than what you paid for it.
This of course is a very, very rough guesstimate, I would need to see what kind of shape your home is in, to be more precise, but the upper limit of the estimate is more than likely about $1mm.
I would be happy to swing by for a couple of minutes, take a look, and prepare an actual comparative market analysis for you
You can contact me through my Trulia profile or through my website.
Best way to determine your home's value is to get together with a competent Realtor. Who in turn would:
1. Run a comparative market analysis of your home compared to the homes sold in your neighborhood.
2. Will adjust the value based upon the condition of the home, any improvements you might have made
The biggest determinent of you home value is the $ buyers are willing to pay. When you are ready to sell your home and want top dollar for your home, you have to focus on the features that will bring in the most $. It could be the large lot size (a huge draw in CU).
You have received some very good suggestions below, I would recommend to interview a couple of Realtors and go from there.
What they do is a very rough estimate, and since there are a great number of variables they can't possibly take into account (such as school boundaries, the true condition of the home in relation to the similar homes in the area, floorplan, etc) Zillow is almost always wrong in it's estimate.
In this case, they're saying your home is worth $914K, which is within the range of possibility of my previous estimate.
You won't know what your home is worth until you have an professional take a look and do a real comparative market analysis.
Okay, for a "quick and easy" method of determining your home's value without working with an agent or outside service, you can do one of the following:
1. Type in your address at the top of the Trulia page. Trulia will provide you with metrics regarding the current sales in the area, and the homes that are currently listed that meet the same square footage or areas as your home.
2. You can type in your address at http://www.zillow.com. Zillow provides homeowners with a "zestimate" or value of the home based on recent sales in the area, and the size of your home. Zillow allows you, as the owner, to update the condition of your home and to input improvements to "fine-tune" the value. Zillow does admit that their estimates can be vary as much as 10 percent from the sales price in the area.
One step up from the quick search on Trulia and Zillow would be to contact a Realtor to obtain a comparable market analysis and estimate of the value of your home. Realtors can do a "quick" comparable market analysis, which provides very raw data about the home's value, or can do a comprehensive market analysis, which often requires the agent to view the interior of the home to determine condition relative to other homes for sale, pending or recently sold. Since Cupertino's house pricing can be stratified based on school district and areas, unlike the websites, the knowledgeable Realtor will consider the school district and micro-area as part of the value determination.
Finally, if you want the most comprehensive form of home valuation, you can hire an appraiser who will provide you with a value for your property based on measurements, condition and evaluation of the market. Appraisers can be easily found in the phone book or speak with your agent to obtain the name of a good appraiser in your area.
Grace Morioka, SRES
Area Pro Realty-People's Choice
Tel (408) 426-1616
Supply and demand is the simple answer to your question. Keep in mind if you take the time to prepare your home properly with consultation from a Realtor that understands where to spend money for the maximum return on your investment, than your home will sell for more than the comparable homes in the area.
Please call us if you would like a consultation from our team!
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Silicon Valley Specialists
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Any number of us here on Trulia would be happy to visit your home and give you a no obligation market opinion of what your home may sell for in today's market.
If you need to refinance, get a loan modification, or pull out money, you can always hire and pay an independent third party, a California Licensed Residential Real Estate Appraiser.
All the best to you.
A skilled real estate professional can provide you with a highly accurate range of value, based largely on "comps" (recent sales of roughly comparable properties in your immediate vicinity).
The better the availability of such comps, the more accurate the range of value will be. Otherwise stated, the more closely your property resembles recently sold properties in the immediate area, the more accurate the valuation will be.
To give you a specific valuation or range of valuation, of course, one would need to know the property address. To be highly accurate, one would also need to assess the interior condition.
Pacific Century Realty
Listing Commissions as Low as 1%
Buyer Rebates to 50%
Thank you for taking the time to read my response to your question.
To answer this question we would need to know your address, which is something that probably doesn't make sense to post on Trulia. Perhaps, you can choose a couple of Realtors who regularly post to this site and ask them directly to prepare a market analysis for you.
All the best,
April Tavares, GRI, ASP
RealtorÂ®, DRE License #01742179