A Date of Death appraisal in Palm Bay asks what the subject was worth on the day the owner died, not what a similar property might bring today. Because canals and drainage features are not generic water amenities and infill and new construction can sit beside older housing can place homes in different buyer markets, the historical comparable set should be built around the subject's actual competitive position at death.
The effective date is the date the owner died, not the current inspection date. In Palm Bay, canals and drainage features are not generic water amenities can change which sales represent the subject, so the appraisal should establish whether that condition or location feature actually existed at death before relying on it.
The actual function and buyer reaction should be identified. Its contribution belongs in the historical value only if it was present and recognized by buyers on the date of death.
A newer home on an older platted street may compete differently from both original housing and a fully planned newer subdivision. Builder quality, lot context, utilities, and surrounding improvement age can matter. The date-of-death analysis should reflect the buyer reaction to that feature when the owner died.
A later Palm Bay sale may reflect remodeling, a different neighborhood setting, or market movement. It can be considered as history, but the date-of-death conclusion should be independently supported by sales and property evidence from the decedent's market period.
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