In the competitive world of real estate, accurate property valuations are crucial. Recently, Property Pricer demonstrated its unparalleled precision with the sale of an absolutely stunning waterfront property in Tasmania. This case study showcases how Property Pricer’s unique valuation method accurately predicted the sale price of this exceptional property, outshining other industry estimates.
The Property: A Waterfront Gem
Located at 21444 Tasman Hwy, Four Mile Creek, Tasmania, this exquisite 4-bedroom, 3-bathroom waterfront property offers breathtaking views and luxurious living. Listed by Harrison Agents Launceston, the property captured the attention of numerous potential buyers with its prime location and stunning features.
Key Details:
- Address: 21444 Tasman Hwy, Four Mile Creek, Tasmania 7215
- Bedrooms: 4
- Bathrooms: 3
- Sale Price: $2,750,000
- Sale Date: May 2024
- Agent: Harrison Agents Launceston
Valuation Comparison
The property recently sold for a record $2,750,000, closely matching Property Pricer’s valuation of $2,751,519. This near-perfect accuracy (99.9%) highlights the precision of Property Pricer’s advanced valuation algorithms, even in the absence of comparable properties.
Valuation Breakdown:
- Sold Price: $2,750,000
- Property Pricer Value: $2,751,519 (99.9% accuracy)
- CoreLogic Value: $1,950,000 (71% accuracy)
CoreLogic’s estimate of $1.95 million was significantly lower, demonstrating a 71% accuracy compared to the actual sale price. This discrepancy underscores the reliability and advanced capabilities of Property Pricer’s valuation method.
Property Pricer’s Unique Valuation Method
Property Pricer’s advanced valuation tool employs a comprehensive approach, considering a multitude of factors to ensure accurate property valuations. The detailed property report attached provides transparency by listing all features and measurements considered in the valuation, underlining the method’s reliability.
Factors Considered:
- Property Features: Detailed analysis of the property’s unique features and amenities.
- Market Trends: Current market conditions and trends impacting property values.
- Location Analysis: Assessment of the property’s location and its influence on valuation.
- Comparable Sales: Evaluation of recent sales data for similar properties, when available.
Conclusion
The sale of this stunning waterfront property for $2,750,000, nearly identical to Property Pricer’s valuation, highlights the tool’s accuracy and reliability. In contrast to Core Logic’s significantly lower estimate, Property Pricer’s advanced algorithms and comprehensive approach ensured a precise valuation, even in a challenging market with limited comparable properties.
This case study underscores the importance of using advanced tools like Property Pricer for accurate property valuations. Whether you are a real estate agent, investor, or homeowner, Property Pricer provides the precision and reliability needed to make informed decisions in today’s dynamic real estate market.
For more information and to see how Property Pricer can enhance your property valuation process, visit our website or download a sample report today.
Stay tuned to Property Pricer for more success stories and in-depth analyses on property valuations. Our commitment to delivering accurate, thorough, and insightful property valuations remains unwavering, ensuring you have the best tools at your disposal for your next property decision.