Loudoun County estates range from Ashburn townhomes bought new in the 2000s to western Loudoun farmettes held for generations. and every one of them needs the same thing when an owner passes: a defensible fair market value as of the date of death. That number sets the step-up in basis under IRC § 1014, feeds the probate inventory filed with the Commissioner of Accounts, and anchors the estate's IRS reporting. DC Metro Appraisals provides retrospective date of death appraisals throughout Loudoun County from $595, delivered 5 to 7 days from inspection.
Date of death work is retrospective appraisal: fair market value under Treasury Regulation § 20.2031-1(b), developed from comparable sales and market conditions as of the date of passing. or the alternate valuation date under IRC § 2032 if the estate elects it. Loudoun's market has moved fast over the past two decades, which makes the effective date decisive: a value from six months before or after the date of death can be a very different number. Our reports document the correct period's evidence so the conclusion holds.
Eastern Loudoun. Ashburn, Sterling, Brambleton, South Riding. is dense, data-rich, and fast-moving. Western Loudoun. Purcellville, Round Hill, Hillsboro, the rural policy area. trades on acreage, outbuildings, and land-use factors that comparable-sale spreadsheets miss. Estates hit both: a Leesburg colonial one month, a ten-acre property outside Middleburg the next. Our firm appraises across both Loudouns, and the report reflects which market the property actually lives in.
$595 flat for a single-family home, townhome, or condo anywhere in Loudoun County; properties valued over $1M carry a $100 surcharge, disclosed up front in the scheduling flow. Virginia has no state estate tax. the federal basis and reporting consequences are what make the appraisal essential.
A: $595 flat for a single-family home, townhome, or condo, with a $100 surcharge for properties valued over $1M. Delivered 5-7 days from inspection.
A: Yes. Acreage, outbuildings, and land-use considerations in western Loudoun are part of our practice, and the retrospective analysis documents how they affected value as of the date of death.
A: No - and that's the point of retrospective appraisal. The report uses market evidence from the date of death, not today, so later appreciation or decline doesn't distort the estate's number.
A: The executor or administrator files the probate inventory; our appraisal provides the documented real estate value that goes into it. The same report supports the attorney's file and the CPA's basis documentation.
A: Usually within days. Standard delivery is 5-7 days from inspection anywhere in Loudoun County.