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Understanding Date of Death Appraisals and Their Importance in Cheviot Hills
April 17th, 2025 2:11 PM

Understanding Date of Death Appraisals and Their Importance in Cheviot Hills

Hand offering a piece of real estate to an inheritor, symbolizing a time of death appraisal process by Pacific Home Appraisers

Cheviot Hills, one of West Los Angeles’s most sought-after neighborhoods, is known for its tree-lined streets, classic architecture, and close-knit residential charm. With a mix of Spanish-style homes, traditional estates, and new custom builds, properties in Cheviot Hills hold significant market value. When a property owner passes away, this real estate often becomes a central part of the estate’s value, requiring a certified Date of Death Appraisal for legal, tax, and financial purposes.

Whether you’re an attorney, trustee, CPA, or family member involved in settling an estate in Cheviot Hills, understanding the role of a Date of Death Appraisal is essential to ensuring accuracy, transparency, and compliance.


What Is a Date of Death Appraisal?

A Date of Death Appraisal is a certified real estate valuation that determines the fair market value of a property as of the date the owner passed away. It is a retrospective appraisal, using historical market data and comparable sales from the time of death—not the current real estate market.

This type of appraisal is typically required for:

  • Probate court filings

  • IRS estate tax reporting (Form 706)

  • Trust accounting and fiduciary documentation

  • Establishing a stepped-up basis for capital gains

  • Fair distribution of assets among heirs


Why It’s Important in Cheviot Hills

1. IRS and Estate Tax Compliance

Properties in Cheviot Hills—especially those near the Hillcrest Country Club or bordering Rancho Park—can exceed several million dollars in value. For estates that surpass the federal exemption threshold, the IRS requires a certified, USPAP-compliant appraisal to accurately report the property's value. This helps reduce audit risk and ensures full legal compliance.

2. Stepped-Up Basis for Inherited Property

When heirs inherit real estate, the stepped-up basis adjusts the property’s tax basis to reflect the fair market value at the time of the decedent’s death. A certified Date of Death Appraisal supports this valuation, helping heirs reduce future capital gains taxes.

3. Equitable Division Among Heirs

If a property is to be sold, retained, or transferred as part of an estate, a certified appraisal ensures that all beneficiaries have a clear and fair understanding of its value. This can prevent conflicts and support informed decisions during the estate settlement.

4. Legal and Fiduciary Responsibility

Probate courts and fiduciaries require that real estate assets be valued according to professional standards. A Date of Death Appraisal meets all legal and ethical obligations for attorneys, trustees, and estate representatives.


Cheviot Hills Real Estate Overview

Cheviot Hills is known for its:

  • Large single-family homes with architectural character

  • Proximity to Century City, Beverly Hills, and Culver City

  • Quiet streets with mature trees and minimal traffic

  • Desirable school districts and access to parks

  • Golf course-adjacent properties with premium view lots

Real estate values in the neighborhood are affected by lot size, home condition, remodeling, view corridors, proximity to country clubs, and historical significance. These nuances require a local appraiser who understands the Cheviot Hills submarket.


What’s Included in a Date of Death Appraisal?

A certified appraisal from Pacific Home Appraisers includes:

  • A full interior and exterior inspection (when access is granted)

  • Market analysis using comparable sales near the date of death

  • Adjustments for square footage, upgrades, lot size, condition, and location

  • Assessor data, zoning records, photos, and parcel maps

  • A final certified opinion of value provided in a USPAP-compliant PDF report

These appraisals are accepted by the IRS, probate courts, attorneys, CPAs, and fiduciaries throughout California.


Who Typically Orders a Date of Death Appraisal in Cheviot Hills?

  • Estate attorneys preparing probate filings

  • CPAs and tax advisors completing Form 706

  • Trustees and fiduciaries overseeing estate or trust administration

  • Heirs or beneficiaries seeking accurate valuations for distribution

  • Real estate professionals assisting with inherited property sales

  • Court-appointed representatives in contested or complex estates


Our Appraisal Process

1. Initial Consultation

We start by confirming the date of death, property access, report deadline, and intended use of the appraisal. If needed, we also offer 48-hour rush delivery.

2. Property Inspection

A certified appraiser visits the property to document the condition, improvements, layout, and site features. If access is limited, we provide desktop or exterior-only appraisals using MLS data and public records.

3. Comparable Sales Analysis

We research and analyze sales of similar homes in Cheviot Hills from the relevant period, making adjustments to reflect differences in condition, lot size, and amenities.

4. Report Delivery

Our standard turnaround is five to seven business days, with the report delivered as a secure PDF suitable for court or IRS submission.


Frequently Asked Questions

Can the appraisal be completed months after the date of death?

Yes. These are retrospective appraisals, and we routinely provide them even years after the date of passing, using historical market data.

Is the appraisal accepted by courts and the IRS?

Absolutely. Our appraisals are USPAP-compliant and certified, making them legally valid for estate tax reporting, probate, and fiduciary purposes.

What if the estate includes multiple properties?

Each property requires its own appraisal. We offer bundle pricing and coordinated scheduling for estates with multiple holdings.


Why Choose Pacific Home Appraisers in Cheviot Hills?

With over 5,000 certified appraisals completed throughout Southern California, Pacific Home Appraisers is a trusted name in estate, probate, and trust-related valuation services. We have deep experience in Cheviot Hills and the surrounding Westside markets, ensuring your appraisal is accurate, defensible, and delivered on time.

Why Clients Rely on Us:

  • Local market knowledge of Cheviot Hills and adjacent neighborhoods

  • Reports accepted by IRS, probate courts, and estate professionals

  • Certified, USPAP-compliant valuations for any estate use

  • Prompt delivery: five to seven business days, with 48-hour rush service available

  • Personalized, professional, and discreet service


Request a Certified Date of Death Appraisal in Cheviot Hills

An Appraiser is doing Appraisal-Pacific Home Appraisers

If you're handling an estate and need a certified Date of Death Appraisal in Cheviot Hills, contact Pacific Home Appraisers today.

Call 818-880-1466
Visit www.pacifichomeappraisers.com to learn more or schedule your appraisal.

We are here to help you move forward with professionalism, clarity, and confidence.


Posted by Tony Kiani on April 17th, 2025 2:11 PMPost a Comment

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