Hi Aneta, I have determined the valuation of $480,000 for your property listed at 3135 Johnson Ave APT 5E, Bronx, NY 10463 to be accurate. To reach this number, I conducted a comparative market analysis process which involves looking at comparable properties in the same neighborhood and considering factors such as location, size, age, condition, and recent sales prices. By analyzing properties that have recently sold in the area, I have found that the range of sale prices was $459,000 to $495,000, which gives you an idea of what the market is willing to pay for properties with similar characteristics in the area. Based on this information, I have adjusted the value of the property. Because your unit has the advantage of being 1,300 sq ft, making it bigger than some other listings on the market, you may get a premium compared to the estimated value.
Ultimately, the valuation of $480,000 for the property at 3135 Johnson Ave APT 5E is an estimate based on my analysis of the market and should be considered with caution as real estate values can be influenced by many factors, some of which may not be readily apparent. When I list your home on the MLS, we can start at your $480,000 asking price to test the market. If for some reason we don't schedule any showings or have an accepted offer in a few weeks, we can discuss a new pricing strategy.