Automated valuation model with customizable neighborhood determination

A non-transitory computer readable medium storing program code for property valuation, the program code being executable to perform operations comprising:

• prompting display of a map image corresponding to a geographical area;
• receiving an identification of a defined geographic area within the geographical area, the defined geographic area being defined through received user input associated with the display of the map image;
• accessing property data corresponding to properties within the defined geographic area;
• applying an automated valuation to the property data after receiving the identification of the defined geographic area;
• and
• displaying information for at least one property in the defined geographic area based upon results of applying the automated valuation, the properties including model-chosen properties and appraiser-chosen properties, wherein a ranked listing of appropriateness of the properties as comparable properties to a subject property is concurrently displayed with the map image.

A system for property valuation, the system comprising:

• means for prompting display of a map image corresponding to a geographical area;
• means for receiving an identification of a defined geographic area within the geographical area, the defined geographic area being defined through received user input associated with the display of the map image;
• means for accessing property data corresponding to properties within the defined geographic area;
• means for applying an automated valuation to the property data after receiving the identification of the defined geographic area;
• and
• means for displaying information for at least one property in the defined geographic area based upon results of applying the automated valuation, the properties including model-chosen properties and appraiser-chosen properties, wherein a ranked listing of appropriateness of the properties as comparable properties to a subject property is concurrently displayed with the map image.