Real Estate Appraisals in Boston and Greater Boston Markets

About Us

Principal Appraiser

Matthew is a Certified Residential Real Estate Appraiser that is a graduate of the University of Massachusetts Amherst who has a background in residential construction. Clients have relied on his quality of reporting, attention to detail and knowledge of Greater Boston markets for the past 13 years. If you are in need of a real estate appraisal in Boston, Cambridge or surrounding cities and towns, please consider giving us a call! 

Quality Without Compromise

Our focus is to provide valuation services with the utmost level of integrity while employing analysis that keenly reflects current market conditions. Accuracy is paramount and we offer quality without compromise with each assignment we accept. Baldwin Company is a small appraisal firm and its principal appraiser has direct involvement in all appraisals.

Valuation Service

We prepare appraisals for funding, legal, PMI Removal, taxation and estate purposes as well as employee relocation (ERC) and FHA reports throughout the Greater Boston markets. 



Thank you very much for you professional, courteous, prompt and knowledgeable service. I am very pleased and impressed with your work, and I would gladly recommend you to anyone seeking an appraisal.

Best regards,

Paul V Gaetani


I know its not customary to say this but I actually enjoy reviewing your reports. They always contain everything that is needed and nothing that isn’t. Very easy to read. Thank you for your hard work. 

Appraisal Review Staff

First American Equity Loan Services

Hi Matt – long time no hear from. Good to see you’re still on board. Missed your reports. You’re still good as ever!!!

Appraisal Review Staff

First American Equity Loan Services

Voted as a Top 3 Appraisal Company in the 2017 Massachusetts Lawyers Weekly Reader Poll

Three Approaches To Value

Sales Comparison Approach

In the sales comparison approach, the subject property is compared to similar properties that have recently sold and can be supported by real estate that is currently active or under contract for purchase. These properties are adjusted to the subject with regards to differences in location, condition, living area, features, etc.

A method for estimating appropriate and supported adjustments is the pairing of data sets from sales within the subject's market. This involves two or more comparables where variances are observed. Comparing the sales will give an indication of the market reaction to the variance.

Income Approach

The income approach to value is an analysis of anticipated future benefits converted to an estimated present value. This is done by estimating of potential gross income for the subject. If market data permits, a good indicator of rates for use in valuation would come from actual sales of property rented or leased at the time the transactions occurred. In some instances, the use of this approach is not warranted. This occurs when a property is not readily rented or is not typically used for investment purposes.

Cost Approach

The cost approach to value is as market oriented as the other two approaches. It involves comparable sales of land which are used to estimate site value. Additionally, the cost new of the building(s) and other improvements are calculated. This is done by consultation with area contractors who specialize in the type of property being appraised and through recognized cost service manuals.

After the cost new has been estimated, depreciation from all sources must be approximated. Depreciation is a measure of the loss of in value inherent in the property. Depreciation falls under three major headings; 1. Physical, actual wear and tear on the structure and its components. 2. Functional obsolescence, which is an impairment of functional capacity, efficiency, or the inability of the improvement to perform adequately. 3. External, which is a loss in value due to factors external from the property. This can include economic situations, factor regarding location, market condition or even environmental forces.

The cost approach is most applicable to new or reasonably new structures. The inherent liability in utilization of this approach to value is the estimation of actual depreciation from all causes. As a property ages, this approach will have lessening validity as an indicator of value.

Reconciliation of Approaches

All preliminary value estimates, as indicated by any of the three separate approaches are correlated into a final estimate of the property's worth. In the final reconciliation, the relative significance of each approach is weighed as it pertains to the type of property being appraised. After the most relevant approach and or approaches are determined, the approaches are weighed and a final estimate of value is formed.

Contact Us

Baldwin Company, Inc.

47 Harvard Ave, #374, Boston, MA 02134

(508) 989-3499