J. Lee Donnelly is uniquely qualified to perform appraisals for select residential properties. As native-born Washingtonians, and long-term appraisers, we have extensive data and experience involving the intricate details of older homes and larger properties. We are often asked to valuate prestigious properties and historical residences. We comply with the standards and ethics of our profession at all times.
Our appraisals develop an opinion of market value of a property. Our services include estate appraisals, pre-sale valuation, new construction, as-is properties, retrospective and prospective property values.
While we are steeped in tradition, we are also up to date on current market standards. For the past decade, we have appraised buildings and residences built according to sustainable design principles, and have experience working with local builders, architects and developers.
Besides being accredited experts, J. Lee Donnelly appraisers are thorough and accurate. The benefits of working with J. Lee Donnelly & Son include unequaled historical data as a point of reference, extensive knowledge of our area, both reasonable and supportive opinion and a thorough analysis of the property.
As your appraisers, we will provide:
- Professional appraisal
- Valuation of property
- Physical inspection of the property
- Interior and exterior photos
Our detailed analysis includes a physical inspection of the property as well as interior and exterior photos.
Our reports are Uniform Standards of Professional Appraisal Practice (USPAP) compliant – in other words, we follow the rules and regulations set up by our profession. Because we are also members of the Appraisal Institute (AI), our reports conform with their requirements as well. We are in business to provide an accurate analysis of properties – the fair market value – for various entities, including attorneys, accountants, banks, charities and others.
Historical preservation (façade) easements is another service provided by J. Lee Donnelly & Son. Between 1999 and 2006, J. Lee Donnelly & Son competed more than 600 appraisals for home owners in the historic districts of the city that established a loss in value associated with the donation of a preservation easement to a (501)(c)(3) non-profit organization. Most of the easement donations were made to the L’Enfant Trust and the Preservation for Historic Georgetown. The easement provided the owner with a flexible tool with which to preserve the property for future generations, and if certain criteria were met, could also result in a federal income tax deduction equivalent to the value of the rights given away.
J. Lee Donnelly & Son appraisers are certified, licensed and insured. Depending on the situation, we may be asked to appear as expert witnesses, provide accurate testimony and demonstrate our unbiased opinion.