Appraisal Insights

Market analysis and local expertise from Madison & Park Appraisal - serving Westchester County, Manhattan, and Greenwich CT.

Documents and a pen on a desk representing the appraisal dispute and reconsideration of value process
March 23, 2026 · Appraisal Process

Can You Dispute a Low Appraisal — and How?

If your appraisal came in below expectations, you may have options. Here's how reconsideration of value works, when it succeeds, and what actually holds up against a lender or in court.

Read More →
Financial documents and estate planning paperwork representing IRS real estate valuation for estate tax purposes
March 23, 2026 · Estate & Tax

How the IRS Values Real Estate for Estate Tax

Federal estate tax requires a qualified appraisal from a qualified appraiser — with specific standards for who can sign it and what it must contain. Here's what executors and estate attorneys need to know.

Read More →
Railroad tracks stretching into the distance representing commuter rail proximity and its effect on Westchester property values
March 22, 2026 · Westchester Market

Train Proximity and Property Values in Westchester: The Sweet Spot, the Tradeoffs, and How Appraisers Measure It

Metro-North proximity can add or subtract tens of thousands from a home's value — depending on which side of the tracks you're on. How appraisers measure express vs. local access, the noise penalty, and why the transit adjustment matters in estate and divorce appraisals.

Read More →
Tax forms and financial documents representing property tax assessment and real estate valuation in Westchester County
March 22, 2026 · Westchester Market

Property Taxes and Home Values in Westchester County: What Appraisers Actually Do With Them

Westchester has some of the highest property taxes in the country — and the gap between municipalities is significant. How appraisers handle tax differences between comparable sales, the distinction between assessed and market value, and the role of a certified appraisal in a tax grievance.

Read More →
Railroad tunnel with tracks converging in the distance, representing Metro-North commuter rail proximity and Westchester property values
March 22, 2026 · Westchester Market

Train Proximity and Property Values in Westchester

How Metro-North station proximity affects home prices — the access premium, the noise penalty zone, express vs. local stops, and how appraisers measure the transit adjustment in estate and divorce work.

Read More →
Calculator and financial documents representing property tax calculations for Westchester County real estate
March 22, 2026 · Westchester Market

Property Taxes and Home Values in Westchester County

Westchester has some of the highest property taxes in the country — and they vary sharply by municipality. How appraisers handle tax differences between comps, what assessed value actually means, and how a certified appraisal supports a tax grievance.

Read More →
Alpine lake with mountain views from a waterfront structure, representing how appraisers value scenic views
March 21, 2026 · Appraisal Methodology

How Appraisers Value a View

Water views, park views, city skylines — how do appraisers actually put a number on them? A deep dive into paired sales analysis, view premiums, and why some views become the dominant value driver of a property.

Read More →
Gutted interior room under renovation with exposed plumbing and electrical work representing home improvement and appraisal value
March 21, 2026 · Appraisal Basics

Do Renovations Actually Add Value? What Appraisers Look At

A $100K kitchen doesn't automatically add $100K to your appraisal. Learn how appraisers measure contributory value, what superadequacy means, and which renovations actually pay off.

Read More →
Outdated 1970s kitchen with vintage stove and retro patterned tile representing functional obsolescence in real estate appraisal
March 20, 2026 · Appraisal Methodology

Functional Obsolescence in Real Estate Appraisals: What It Is and How It Affects Your Value

Functional obsolescence — value loss from deficiencies or superadequacies in the property itself — is one of the most commonly misunderstood concepts in residential appraisal. Here's how appraisers identify and measure it.

Read More →
Interior of a home under renovation showing exposed framing and electrical work representing unpermitted additions
March 20, 2026 · Appraisal Methodology

Unpermitted Additions and Finished Space: How Appraisers Handle What Wasn't Built to Code

Finished basements, converted attics, garage conversions — unpermitted work is common in Westchester County and older suburban markets. Here's exactly how appraisers handle it, and what homeowners should know.

Read More →
Home appraisal vs home inspection — understanding the difference between these two essential real estate services
March 20, 2026 · The Appraisal Process

Home Appraisal vs. Home Inspection: What's the Difference?

A home appraisal and a home inspection are two completely different things — and confusing them can cost you. Here's exactly what each one does, who orders it, and why both matter.

Read More →
A home sale negotiation representing what happens when the appraisal comes in below the contract price
March 20, 2026 · The Appraisal Process

What Happens If the Appraisal Comes In Lower Than the Offer?

A low appraisal doesn't have to kill your deal — but it changes the negotiation entirely. Here's exactly what happens, and what your options are as a buyer or seller.

Read More →
Suburban home representing the gap between Zillow Zestimate and certified appraised value
March 19, 2026 · Home Valuation

Why Is My Home Worth Less Than Zillow Says? Zestimate vs. Appraised Value

Your Zillow Zestimate and your certified appraisal often disagree — sometimes by tens of thousands of dollars. Here's exactly why, and which number actually matters.

Read More →
Interior of a well-maintained home representing what appraisers look for during an inspection
March 19, 2026 · The Appraisal Process

What Do Home Appraisers Actually Look For? The Complete Checklist

Wondering what a home appraiser checks during an inspection? Here's exactly what appraisers look for — inside, outside, and in the data — and how it affects your home's value.

Read More →
Manhattan skyline at dusk—a guide to the borough's most expensive neighborhoods and what drives their values
March 18, 2026 · Market Analysis

Manhattan's Most Expensive Neighborhoods: Prices, Streets, and What Drives the Market

From Billionaires' Row to TriBeCa to the West Village, a deep look at where Manhattan's highest prices are found, what specific streets and buildings command them, and the economic forces behind it all.

Read More →
Craftsman-style home with stone chimney on a landscaped lawn illustrating land and improvement value allocation
March 18, 2026 · Appraisal Methodology

Land vs. Improvements: How Appraisers Allocate Value and Test Adjustment Reasonableness

Every property is part land, part improvements—and each characteristic of the home represents a share of that improvement value. Learn how this framework is used to test whether appraisal adjustments, including GLA, are credible.

Read More →
Judge's gavel representing legal real estate valuation and estate proceedings
March 17, 2026 · Estate Planning & Legal

Date of Death vs. Current Market Value: What Estate Attorneys Need to Know

Understand the critical difference between a retrospective Date of Death appraisal and a current market value appraisal—and why it matters for estate settlement, probate, and tax planning.

Read More →
Victorian Painted Ladies houses with ornate gabled architecture representing Westchester residential real estate
March 17, 2026 · Estate Planning & Legal

Retrospective Appraisals: Valuing Property at a Past Date for Legal Purposes

What is a retrospective real estate appraisal? Learn how appraisers value property as of a past date for estate settlements, divorce proceedings, tax disputes, and litigation.

Read More →
Cape Cod colonial house representing residential architecture styles across Westchester County
March 16, 2026 · Architecture & Design

The Architecture of Home: A Guide to Residential Styles Across Westchester, Manhattan & Greenwich

From Tudor Revivals in Bronxville to Manhattan brownstones and Greenwich estates - how architectural style shapes value across our service area.

Read More →
🚪
March 16, 2026 · Appraisal Guidelines

What Qualifies as a Bedroom? The Appraiser's Standard

Egress, ceiling height, minimum size, privacy - the physical criteria that determine whether a room counts as a bedroom in a residential appraisal.

Read More →
Historic 1901 architectural blueprint showing foundation plan representing ANSI measurement standards for real estate appraisal
March 14, 2026 · Appraisal Guidelines

Understanding ANSI Standards in Real Estate Appraisals

Learn what ANSI measurement standards mean for your home appraisal, the rules for calculating square footage, and differences between single-family homes and condos.

Read More →
Stock photo of a residential home representing the Eastchester real estate market
March 14, 2026 · Westchester County

Appraising Homes in Eastchester NY: A Local Market Analysis

Eastchester's real estate market features diverse property types and distinct areas like Lake Isle. Learn what appraisers look for in this Westchester County market.

Read More →
Upper West Side architecture and street view
March 13, 2026 · Manhattan

Navigating the Upper West Side Real Estate Market

An objective market analysis of the Upper West Side, including Lincoln Square, Manhattan Valley, supply/demand dynamics, and valuation trends.

Read More →
Yonkers micro-neighborhoods real estate
March 12, 2026 · Westchester County

Yonkers Real Estate Appraisal: Analyzing Micro-Neighborhoods and Zoning

An in-depth look at Yonkers micro-neighborhoods, analyzing how zoning, topography, and architectural styles impact real estate appraisal values.

Read More →
Yonkers residential real estate
March 12, 2026 · Westchester County

Yonkers Real Estate Appraisal: Navigating a Diverse and Dynamic Market

Appraising real estate in Yonkers requires an understanding of its varied housing stock, waterfront developments, and complex zoning. We explore the specific valuation challenges in this diverse market.

Read More →
Stately residential property
March 11, 2026 · Estate Planning

A Comprehensive Guide to Estate and Date of Death Appraisals

Learn what a Date of Death appraisal is, how it affects the step-up in cost basis, and why attorneys and accountants rely on our retrospective appraisal expertise.

Read More →
Westchester County residential property
March 11, 2026 · Westchester County

A Guide to Property Tax Grievance in Westchester County

Learn the steps to grieve your property taxes in Westchester County, the odds of a reduction, and why a certified residential appraisal is critical to your success.

Read More →
Luxury estate residence in Connecticut
March 10, 2026 · Greenwich, CT

Estate and Divorce Appraisals in Greenwich, CT: Understanding Valuation Challenges

Valuing high-value residential real estate in Greenwich, CT, requires precision for estate planning, probate, and marital dissolution. We break down the appraisal methodology for complex property assets.

Read More →
Manhattan skyline at sunset featuring the Empire State Building representing New York coop and condo real estate appraisal
March 10, 2026 · Manhattan

Co-op vs. Condo in Manhattan: What You Need to Know About Appraisals

Co-ops and condos are legally and financially distinct - and they're valued differently. A certified appraiser breaks down what separates them and why it matters for estate, divorce, and financing appraisals.

Read More →
Mount Vernon historic residence
March 9, 2026 · Westchester County

Understanding Mount Vernon Real Estate: Architectural History & Market Trends

Mount Vernon holds a unique position in Westchester County's real estate landscape. Its historic significance and architectural diversity mean that properties here often require a nuanced approach.

Read More →
New Rochelle street scene showing residential and high-rise development
March 8, 2026 · Westchester County

Appraising Homes in New Rochelle: What the Market Looks Like Right Now

New Rochelle is one of the more complex appraisal assignments in Westchester County right now. A $4 billion downtown revitalization has reshaped how buyers think about the area - and created real challenges for accurate valuation.

Read More →
Call (914) 413-3800