I need an estimate of the value of our property+next door?

Based on the public property data I found, I can give you a **rough Realtor-style valuation**, although an actual CMA would require seeing the condition, improvements, permits, and interior of both properties. For **3113 Malcolm Ave**, the public records show a 3-bedroom, 1-bath home with approximately **1,171 sq. ft. on an 8,117 sq. ft. lot**. The current Redfin estimate is about **$1.51 million**, with an estimated market range of roughly **$1.44M–$1.74M**. Redfin For 3123 Malcolm Ave., the property is substantially larger: approximately 2,226 sq. ft., 4–5 bedrooms, 2–3 baths, and an 8,409 sq. ft. lot. It sold in February 2025 for $2.5 million after being marketed as a remodeled property. Its current Redfin estimate is approximately $2.74 million, with an estimated range of $2.60M–$3.15M. Redfin My rough combined estimate If you're asking what the two properties together might be worth today, I'd put the preliminary range around: $4.1 million – $4.8 million combined! with roughly $4.25M–$4.5M as a reasonable starting point, assuming both properties are in average-to-good condition and there aren't significant unpermitted improvements or other issues. There is also an important consideration here: owning the two adjacent parcels together can potentially create additional value beyond simply adding the two individual home values, depending on zoning, development potential, lot configuration, and what a buyer could legally do with the combined property. Both properties are identified as LAR1 in the public records. Redfin+1 So I wouldn't necessarily market the two properties simply as "$1.5M + $2.7M." I'd want to analyze them as a potential assemblage as well as individually. If you're considering selling, refinancing, or buying the neighboring property, I'd want to look at recent closed sales within roughly a half-mile, the condition of both homes, lot dimensions, permits, and development potential before putting a more precise number on it.

Two lots side by side under one owner are often worth more together than they are apart, and there is a name for that premium: assemblage. But I want to be straight with you, because I think it matters more than a guess would. Nobody on this thread can price your property from two street numbers. There is no city in your question, and even with one, the number would be worthless without the parcel data behind it. So let me give you the thing that is actually useful, which is what determines the answer. Start by pulling both parcel numbers from your county assessor. That gets you lot size, zoning, and the recorded legal description for each. Then the question splits three ways: - Can the two lots be legally combined, and would combining them allow something the separate lots do not allow? More units, a bigger footprint, a use the smaller lot cannot support on its own. That is where assemblage value actually comes from. It is not automatic just because the lots touch. - Are both lots separately buildable right now? If yes, that is often the more valuable configuration, and you should be very careful. Merging two legal lots into one is easy to do and can be extremely hard to undo. I have watched owners erase a six figure asset by combining parcels for a small convenience. - Is one lot landlocked, undersized, or otherwise unbuildable on its own? Then the neighbor with the adjacent lot is your best buyer, and the price is a negotiation rather than a comp exercise, because you are the only two people the parcel is worth anything to. For the number itself, you want a licensed appraiser who does land, not a website estimate. Automated valuation models are built on improved residential sales and they handle adjacent-parcel situations badly. Ask specifically for a valuation of the parcels separately and combined. That difference is your answer. Expect to pay for it, and expect it to be the best money you spend on this. One more thing that comes up constantly. If you are thinking about selling both to one buyer, list them as an assemblage with the combined potential spelled out, not as two ordinary lots that happen to be next to each other. The buyer who pays the premium is the one who understands what they can do with the whole, and they will not find you if the listing does not say it. I am a real estate professional, not an appraiser or a land use attorney, and I do not work Virginia, so please confirm the zoning and merger questions with your county planning department before you act on any of this. My name is Zoltan Peresztegi and I work in Los Angeles, the South Bay and on the Palos Verdes Peninsula. If you want help finding a strong local agent or appraiser who handles land, say the word and I will point you at one. Zoltan

A local real estate professional should be able to provide you assistance in this matter. Feel free to reach out to us if you need further assistance. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Hey Eric, I am a local in your area and I would have to see the property to give you an accurate evaluation. But range would be 1.3-1.8 for 3114 Malcom Avenue and 1.8- 2.4 for 3123 Malcom Avenue. You can reach out to me at (818)-681-2999 to get a more accurate valuation. That is just based on title I have no idea if you made the house bigger/smaller or the actual size and amenities.

Looking at the addresses you provided, these two homes are not the same. A market analysis and home evaluation by a local Realtor would help you determine the current market pricing of your own home. An experienced agent found here on FastExpert can help you.

A comparative market analysis (CMA) is an evaluation of the current market value of a property that is being sold or purchased. It is a process that involves the analysis of data and comparison of similar properties in the same market to determine the value of the subject property. The CMA is usually prepared by a real estate professional and is an important tool for both buyers and sellers. The purpose of a CMA is to provide an estimate of the fair market value of a property based on its current condition and location, as well as the market conditions at the time of evaluation. This information helps sellers to set a realistic price for their property and helps buyers to make informed decisions about the price they are willing to pay. The process of preparing a CMA typically involves collecting data on recent sales of comparable properties in the same area, as well as active listings and expired listings. This information is used to determine the price range for similar properties and to identify trends in the local real estate market. Other factors such as property features, location, and condition are also considered in the analysis. A comparative market analysis is an important tool for anyone buying or selling a property. By providing an estimate of the fair market value of a property, it helps to ensure that the transaction is fair and equitable for all parties involved. It is important to work with a qualified real estate professional who has experience in preparing and analyzing CMAs to ensure the accuracy and reliability of the evaluation.

You can reach out to a local realtor to give you an estimate. For a more accurate estimate, a realtor will have to know the condition of the property and see the layout of your home. Reach out to FastExpert, so FastExpert can connect you to an experienced realtor.