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$925,000
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2706 Andromeda Drive Colorado Springs, Colorado
5 Beds 3 Baths 4,006 SqFt 0.667 Acres
$950,000
Active
3424 Signature Golf Point Colorado Springs, Colorado
4 Beds 3 Baths 3,296 SqFt 0.163 Acres
$915,000
Active
2730 Kittridge Avenue Colorado Springs, Colorado
5 Beds 4 Baths 4,316 SqFt 0.54 Acres
$295,000
Active
4671 Pipestem Avenue Colorado Springs, Colorado
3 Beds 2 Baths 1,290 SqFt 0.29 Acres
$265,000
Active
5362 Solar Ridge Drive Colorado Springs, Colorado
3 Beds 2 Baths 1,253 SqFt 0.012 Acres
$315,000
Active Under Contract
869 Pebblewood Drive Colorado Springs, Colorado
3 Beds 2 Baths 2,425 SqFt 0.022 Acres
$289,000
Active
1695 Little Bear Creek Point 304 Colorado Springs, Colorado
2 Beds 2 Baths 1,132 SqFt 0.011 Acres
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According to Wikipedia: Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value, for real property (usually market value). Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a centralized Walrasian auction like a stock exchange is unrealistic). The location also plays a key role in valuation. However, since property cannot change location, it is often the upgrades or improvements to the home that can change its value. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property.
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