Condominiums have unique characteristics that can affect their market value. Unit location, size, floor level, views, amenities, HOA fees, parking, and the condition of the development can all influence what buyers are willing to pay.

Madison Block Appraisals, LLC provides condominium appraisals throughout Pima, Pinal, and Maricopa Counties for lending and other permitted purposes.

What Makes a Condo Appraisal Different?

Unlike a typical single-family home, a condominium is part of a larger development. The value of the individual unit can be influenced by both the unit itself and the overall condominium project.

An appraisal may consider:

• Unit size and layout

• Floor level and location within the building

• Views and outdoor space

• Parking and garage spaces

• HOA fees and services

• Community amenities

• Condition of the unit

• Condition of the overall development

• Recent sales within the project

• Competing condominium developments

Comparable Sales Matter

The best comparable sale for a condominium is not always the closest property.

Sales within the same development are often useful because they share many of the same characteristics. When sufficient sales are not available, comparable units in competing developments may also provide valuable market evidence.

The appraisal considers the characteristics of the subject unit and its project when selecting and analyzing comparable sales.

Complex & Rural Property Appraisals

Condo Appraisals Throughout Arizona

Madison Block Appraisals provides condominium appraisal services throughout: Pima County, Pinal County, and Maricopa County.

When Do You Need a Condo Appraisal?

Condominium appraisals may be needed for:

• Buying or refinancing

• Mortgage lending

• Pre-listing decisions

• Estate or financial planning

• Other situations requiring an independent opinion of market value

Pre-Listing Appraisals