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[quote=Anonymous]We are looking to refinance and are tyring to figure out if our house will appraise high enough.  Obviously, we can spend the $50 to get an appraisal but I am doing some of my own legwork first.  We have a 5/6 br (6th bed room doesnt have a window but does have a closet), 3 ba house. Its a rambler so the top floor is 1950 sq ft, but the walk out basement is the entire floor plan of the house, although it doesnt get counted in the sq footage, right? We paid $460K.

On our block, 2 other houses sold for $585K (4br, 3.5ba, 4076 sq. ft - although the sq ft sounds off) and $625K (5br, 3.5 ba 2280 sq ft). A few blocks away, a house that is a similar model to ours - "House C" (6br, 3 ba, 1941 sq ft - also a rambler) sold for $460K.  Ours has a deck and this one doesnt and we also renovated the kitchen after moving in (appraisal last summer was for $470K, but with fewer comps.) We also back up to the park with no neighbors behind us and House C is on a busier street.

There are also a couple houses nearby with sq ft between 1400-1700 that sold in the low $400's and high $300's.

Any ideas on how I would estimate the appraisal? Is the kitchen reno, deck, and less busy street location sufficient to get us a higher appraisal price? Or will the lower priced houses drag it down?

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