model-res-avm and model-condo-avm
These are complements that together provide complete coverage of Cook County's residential real estate market: the first model handles single-family and multi-family properties (class 200), while the second specifically handles condominiums (class 299/399) that are excluded from the first model.
About model-res-avm
ccao-data/model-res-avm
Automated valuation model for all class 200 residential properties in Cook County (except vacant land and condos)
This tool helps Cook County Assessors accurately value single-family and multi-family residential properties, excluding vacant land and condos. It takes in sales data and property characteristics to produce estimated market values and assessment ratios for every property. The end-user is a property assessor, appraisal analyst, or data analyst working for the Cook County Assessor's Office.
About model-condo-avm
ccao-data/model-condo-avm
Automated valuation model for all class 299 and 399 residential condominiums in Cook County
This project helps the Cook County Assessor's Office estimate fair and accurate market values for all residential condominium properties in Cook County. It takes in readily available public data like age, location, and past sale prices of condominiums to produce an initial assessed value for each unit. The primary users are assessment professionals and data analysts within the Assessor's Office responsible for property valuation.
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