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Understanding Date of Death Appraisals and Their Importance in Manhattan Beach, California
April 17th, 2025 4:33 PM

Understanding Date of Death Appraisals and Their Importance in Manhattan Beach, California

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

Manhattan Beach, a premier coastal city in Los Angeles County, is known for its oceanfront estates, luxury homes, and high-performing real estate market. From the Strand to the Hill Section, Manhattan Beach real estate is some of the most valuable in the country—often forming the core asset in a homeowner’s estate. When a property owner passes away, a certified Date of Death Appraisal is essential for probate court filings, IRS estate tax reporting, and equitable asset distribution.

If you are an estate attorney, CPA, fiduciary, or heir managing an estate in Manhattan Beach, understanding the value of a Date of Death Appraisal ensures accurate reporting, legal compliance, and peace of mind.


What Is a Date of Death Appraisal?

A Date of Death Appraisal is a retrospective, certified valuation that determines the fair market value of a property as of the date the property owner passed away. Rather than using current prices, the appraisal reflects comparable sales and market trends that existed at the time of death.

These appraisals are typically required for:

  • Probate court documentation

  • IRS estate tax reporting (Form 706)

  • Trust and fiduciary accounting

  • Establishing a stepped-up basis for capital gains

  • Equitable distribution among heirs


Why It’s Essential in Manhattan Beach

1. IRS and Probate Court Compliance

With average home prices often exceeding several million dollars—particularly along The Strand, Sand Section, and Hill Section—estates in Manhattan Beach frequently surpass the federal estate tax exemption threshold. A USPAP-compliant certified appraisal is required to substantiate the reported value of real estate for the IRS and the probate court.

2. Stepped-Up Basis for Capital Gains Tax

When a property is inherited, the stepped-up basis adjusts its tax value to the fair market value as of the date of death. This significantly reduces capital gains taxes if the property is later sold. A Date of Death Appraisal provides essential documentation to support this valuation.

3. Fair and Defensible Asset Division

Whether the estate involves multiple heirs or a single beneficiary, a certified appraisal delivers an unbiased, third-party opinion of value—ensuring fairness in estate division, buyouts, or liquidation.

4. Fiduciary and Legal Responsibilities

Attorneys, trustees, and estate executors are required to accurately value and disclose estate assets. A certified appraisal provides the documentation needed to fulfill these legal and financial obligations.


Manhattan Beach Real Estate Overview

Manhattan Beach features a variety of luxury and coastal property types, including:

  • The Strand – Oceanfront estates with panoramic views and direct beach access

  • Hill Section – Large lots, city and ocean views, and custom luxury homes

  • Sand Section – High-density, high-value homes with walkable beach lifestyle

  • Tree Section – Quiet, family-friendly neighborhoods with traditional homes

  • East Manhattan Beach – Larger tracts and newer developments with yard space

Each area commands different premiums based on location, lot size, view, proximity to the beach, and zoning. Expert local knowledge is required to accurately appraise real estate in this high-value coastal market.


What’s Included in a Date of Death Appraisal?

A certified appraisal from Pacific Home Appraisers includes:

  • A full interior and exterior property inspection (when accessible)

  • Retrospective analysis of comparable sales near the date of death

  • Adjustments for view, location, lot size, condition, and architectural style

  • Parcel maps, assessor data, photographs, and zoning verification

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

Our reports are accepted by probate courts, the IRS, CPAs, attorneys, and fiduciaries throughout California.


Who Orders a Date of Death Appraisal in Manhattan Beach?

  • Estate attorneys handling probate filings

  • CPAs and tax professionals preparing Form 706 estate returns

  • Trustees and fiduciaries managing property and trust assets

  • Heirs and beneficiaries evaluating inherited real estate

  • Real estate agents assisting with estate property listings

  • Court-appointed representatives managing high-value estates


Our Appraisal Process in Manhattan Beach

1. Initial Consultation

We confirm the effective date of the appraisal (date of death), the purpose of the report, and access requirements. Rush delivery service is available for time-sensitive deadlines.

2. Property Inspection

Our certified appraiser inspects the interior and exterior (if accessible), documenting layout, upgrades, finishes, views, and structural details. Desktop or exterior-only appraisals are available if interior access is not possible.

3. Market Analysis and Comparable Sales

We identify and analyze sales of similar Manhattan Beach properties from the time of death and adjust for location, design, view, and lot configuration to establish fair market value.

4. Report Delivery

Standard turnaround is five to seven business days, with 48-hour expedited delivery available. Reports are delivered in secure PDF format and are fully prepared for tax and legal use.


Frequently Asked Questions

Can an appraisal be completed long after the date of death?

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

Will courts and the IRS accept your appraisal?

Absolutely. Our reports are USPAP-compliant and certified, accepted by legal and financial authorities throughout California.

Can you appraise multiple properties in the same estate?

Yes. We offer bundle pricing and coordinated scheduling for multi-property estate assignments.


Why Choose Pacific Home Appraisers in Manhattan Beach?

With over 5,000 certified appraisals completed across Southern California, Pacific Home Appraisers brings a wealth of experience in luxury, oceanfront, and high-value real estate. We understand the complexities of Manhattan Beach’s premium market segments, delivering precise, legally defensible appraisals.

Why Clients Trust Us:

  • Deep expertise in coastal, luxury, and custom home valuation

  • Reports accepted by IRS, probate courts, attorneys, and fiduciaries

  • Certified, USPAP-compliant appraisals with fast, accurate results

  • Turnaround time: five to seven business days, with 48-hour rush available

  • Confidential, detail-oriented, and professional service


Request a Certified Date of Death Appraisal in Manhattan Beach

An Appraiser is doing Appraisal-Pacific Home Appraisers

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

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

We provide clarity, compliance, and trusted valuation expertise through every step of the estate process.


Posted by Tony Kiani on April 17th, 2025 4:33 PMPost a Comment

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