Sheba-

There are other factors that need to be considered when determining fair market value of a home:
I am sending a few facts that are very important in order to give you a straight up answer.
In addition to the information l list below, a comparison analysis would be needed. This process
compares 3 homes that are similar in size and age in your neighbordhood.

If you need to sell and buy a home, please contact me and I will educate you through out the entire
process.

Take care,
Lucy

MARKET VALUE
Market value is generally defined as the price a willing buyer would pay a willing seller for a property in its present condition with neither buyer nor seller under pressure to act (such as career relocation, death of a family member, divorce, etc.). A market value sale also is known as an arm's length transaction.

A number of factors may affect a residential property's market value, including:

External characteristics - "curb appeal", home condition, lot size, popularity of an architectural style of property, water/sewage systems, sidewalk, paved road, etc.
Internal characteristics - size and number of rooms, construction quality, appliance condition, demonstrated "pride of ownership", heating type, energy efficiency, etc.
Supply and demand - the number of homes for sale versus the number of buyers; how quickly the homes in your area sell, and
Location - desirability for a particular school district, neighborhood, etc.