The City of Chelan on July 14, 2010 received a Planned Development District application. A determination of complete application was issued on August 20, 2010.
Proposal: The project is a master planned resort that will include up to 45 cottage style one and two story units approximately 8.2 acres. The site will be served by SR 97A and new private roads within the development.
Location: The project proposal is located along SR 97A east of Water Street; the area commonly referred to as the “Three Fingers” and upland parcels south of SR97A in Chelan, WA.
Applicant: GBI Holding Company – Bill Terhaar PO Box 598; Wenatchee, WA 98807.
The ValueMap estimated the value of this home at $313,000. It listed it at 2 bedrooms, 1 bathroom and only 1422 square feet but did have the lot size correct. If the home has been remodeled since its last sale to add additional space, the value could be low. I did value maps on other properties I know had major remodels and the ValueMap did not seem to include the remodels.
The ValueMap data continued with a table below the image above of values of nearby homes. If there were homes listed on the NWMLS in the area, those and their list prices would show as well.
ValueMap calculates its estimations combining NWMLS listing data with First American CoreLogic’s industry leading automated valuation model. The feature includes an address search, displays RVM valuations for neighboring homes, and flags current listings and recently sold comparable homes. An RVM is a home valuation tool that displays
an estimated market value that is computed using a statistical formula. By my look, it is far from foolproof, but it is still useful.
Other items that are available are Market Trends, showing historical median sales price in the area, and notifications of sales of homes in the area. This is another input for both sellers and buyers to understand when they are considering a transaction on a home. Anyway, it is a fascinating tool and Criterion Properties is one of the few places in the Lake Chelan area that has access to it.
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