Understanding Date of Death Appraisals and Their Importance in Calabasas
Calabasas, renowned for its exclusive gated communities, scenic surroundings, and high-value estates, is one of Southern California’s most prestigious residential markets. With properties ranging from equestrian ranches to custom mansions in neighborhoods like The Oaks or Hidden Hills, real estate in Calabasas often represents a significant portion of a family’s wealth. During the emotional and often complicated process of settling a loved one’s estate, obtaining a Date of Death Appraisal is not only necessary—it is essential.
This detailed guide explains what a Date of Death Appraisal is, why it’s especially important in Calabasas, and how it helps heirs, attorneys, CPAs, and fiduciaries make informed legal and financial decisions.
A Date of Death Appraisal is a real estate valuation that determines the fair market value of a property as of the day the property owner passed away. This is a retrospective appraisal, which means it looks backward to assess the market value based on sales data and market conditions at that specific date—not the current market.
This appraisal plays a central role in probate and estate administration, particularly in affluent communities like Calabasas where real estate often comprises the largest asset in the estate portfolio.
If the value of the decedent’s estate exceeds federal exemption thresholds, estate taxes may be due. The Internal Revenue Service requires accurate, documented valuations for real estate using the fair market value as of the date of death. A certified appraisal ensures the estate’s real property is valued appropriately, helping to avoid disputes and penalties.
Heirs who inherit property receive a stepped-up tax basis, meaning the cost basis of the property is reset to the value on the date of death. This affects how much capital gains tax is owed if and when the property is sold. In Calabasas—where property values can exceed several million dollars—a precise and well-supported valuation can have substantial tax implications for beneficiaries.
In cases where multiple heirs are involved, a professional appraisal provides an objective, third-party assessment of the property’s value. This supports fair asset division and helps avoid conflict among family members or beneficiaries.
When a property is part of a will or living trust, the probate court or trustee typically requires a certified appraisal to confirm its value. Courts and attorneys rely on these appraisals to make informed decisions during the settlement process.
Real estate in Calabasas is diverse, and value can vary dramatically even within short distances. An accurate Date of Death Appraisal in this region requires a professional who understands the nuances of the local market.
Neighborhoods we frequently appraise in include:
The Oaks of Calabasas – luxury gated homes with celebrity appeal
Mountain View Estates – large custom-built homes on expansive lots
Hidden Hills – equestrian properties and ultra-luxury estates
Mulholland Heights and Calabasas Park – family-friendly communities with high demand
Old Town Calabasas – historically significant homes with custom features
Appraisers must consider not only square footage and lot size, but also privacy, gated access, architecture, view orientation, proximity to trails or golf courses, and community amenities—all of which can influence value in Calabasas.
A certified Date of Death Appraisal prepared by Pacific Home Appraisers includes:
Full interior and/or exterior inspection of the property
Analysis of market trends and conditions as of the valuation date
Selection of comparable properties sold around that date
Adjustments based on location, features, and condition
Parcel maps, assessor records, photos, and zoning information
Final certified opinion of value as of the date of death
Report delivered in a professional PDF format and USPAP-compliant
Estate attorneys managing probate filings
CPAs preparing IRS Form 706 or estate tax documents
Trustees and fiduciaries handling property transfers
Beneficiaries or heirs seeking stepped-up basis documentation
Courts overseeing distribution of estate assets
Whether you are a family member, executor, or legal representative, the appraisal helps protect your legal standing and ensures the estate is administered properly.
We begin by confirming the appraisal’s purpose, property details, and effective date (the date of death). We also determine access logistics and discuss report deadlines.
We conduct a thorough walk-through of the interior and exterior, documenting condition, layout, and any upgrades or additions. If access is restricted (e.g., tenant-occupied), we can provide a drive-by or exterior-only appraisal with appropriate disclosures.
Using historical market data, we evaluate comparable sales from the relevant time period and make expert adjustments to reflect the unique attributes of your property.
Appraisals are typically completed within five to seven business days. A 48-hour rush service is available upon request and subject to availability.
Yes. This is called a retrospective appraisal, and it’s common for estate settlement. As long as historical data is available, the property can be appraised for any date in the past.
Yes, a single certified appraisal prepared for the stated purpose (estate, probate, or tax) is typically sufficient for all parties involved. However, if the property will be sold soon, a current market appraisal may also be recommended.
In most cases, yes. A full inspection yields the most accurate results. However, if interior access is not possible, alternative methods such as desktop or exterior-only appraisals may be used—with proper documentation.
With over 5,000 certified appraisals completed, Pacific Home Appraisers has the experience and credentials to deliver trustworthy, detailed, and timely Date of Death Appraisals throughout Calabasas and surrounding areas.
Deep knowledge of Calabasas and Hidden Hills real estate markets
Familiarity with gated communities, equestrian estates, and luxury properties
Reports that are USPAP-compliant and accepted by courts, attorneys, and the IRS
Fast turnaround—standard delivery in 5–7 business days, rush available within 48 hours
Trusted by CPAs, attorneys, trustees, and estate professionals
We understand that estate matters are sensitive and often emotional. Our appraisers approach each assignment with respect, discretion, and professionalism.
If you're managing an estate and require a certified Date of Death Appraisal in Calabasas, trust Pacific Home Appraisers to deliver clarity and confidence during this important process.
Call 818-880-1466 Visit www.pacifichomeappraisers.com to schedule your appraisal or learn more about our services.
We are here to support your estate valuation needs with professionalism, accuracy, and care.