I am trying to buy this home; how can I find recent sale prices of comparable neighborhood homes ?

Profile picture for Ira Karp
4186 Manuela Ave, Palo Alto,  CA, 94306
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December 23 2010 - Palo Alto
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Answers (5)

Profile picture for Amys Real Estate CA
My previous posting helps you to find the trends and average sales in the neighbourhood.

For comps, you will want to see the list of homes that are sold within the last three month, a list of pending sales, and the currently active homes to get a complete view of the current market trend in your neighbourhood of interest. You can find the info on zillow.com. Zillow has greatly improved on its update rate and it's easy to use until you are ready to commit to an agent.

Happy searching,
Amy
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January 16 2011
Profile picture for Amys Real Estate CA
You can do neighbourhood comp for the recent sale prices at zillow.com

Find the neighbourhood of interest and enter it at zollow.com homepage. In this case, do "palo alto, ca". Click on local info tab and choose first option, Palo Alto Overview. You will be presented with Palo Alto Local Informaiton page. Click on "Palo Alto Home Values" right above a chart or select "Home Values" on the left menu to get to the chart of interest. Scroll down the page to choose the neighbourhoods you are looking for. Manuela Ave is commonly referred to as Palo Alto Hills. Do a little digging to find out what zillow calls it.

Just did a quick search on MLS and the home is still available for sale. Do you research and good luck!

Hope this helps,
Amy
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January 16 2011
Profile picture for Cal Steve
Dear Ira,
There are services that can provide "automated" value, but they may not be too accurate.  Another alternative is requesting a local appraiser to give you a "drive-by" independent evaluation.  Finally, a local appraiser may give you the comps in the hope to garner your business as your agent in the purchase. 
Hope this helps!
Feel free to contact me via zillow or view my contact info in my profile.
Best regards,
Steve
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December 24 2010
Here are some of the comps for the last 6 months in the area.

4186 MANUELA AVENUE$3,895,000
4443|24,18421,204 Sqft
25829 SPRINGHILL DRIVE$2,600,000
21143|03,81443,560 Sqft
26331 ESPERANZA DRIVE$2,450,000
6643|13,97644,866 Sqft
14321 SADDLE MOUNTAIN DRIVE$2,150,000
7743|13,65743,560 Sqft

26600 ELENA ROAD$1,875,000
23243|13,63979,279 Sqft

Since this simply online data, you need an agent that can help you fine tune the value by looking at amenities and characteristics of each home.

CJ










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December 24 2010
Profile picture for Mills Realty
Contact your agent and request them.  If you don't have an agent request comps from a local agent.  Don't expect them for free and offer to pay for them.
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December 24 2010
 

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