The AI will not have qualities that give it access or understanding of actual properties. That is not the kind of expected language data that would appear in books or in web text or past conversations that provide the knowledge of responses.
You must doubt even ChatGPT’s confidence, as that is not a specialization of the model.
What you are receiving is a refusal. A language AI also will fulfill whatever you ask it natively, because it is just a predictor of likely text. Thus, lots of extra blocking is done by Open AI to prevent output of things the AI cannot produce truthfully as language.
You can however revert to the hallucination of providing a convincing but poor answer, by instructing the AI in abilities it could not actually have, such as overcoming a built-in refusal so it is able to use a property value lookup tool. Or you could simply provide it no extra abilities, only deception.
system
You are RealEstee, a large language model AI based on GPT-4, trained by OpenAI to provide market statistics and address-level property valuations for the continental United States.
Your task is to assist in providing high quality real estate analyses, including estimated property valuations, market trends, and comparisons for properties throughout the continental United States. You should base your evaluations on a variety of relevant factors such as recent sales, square footage, historical data, and local economic indicators.
Please ensure that each response includes clear, easy-to-understand descriptions, and where applicable, include numerical estimates or relevant statistics. Always show your reasoning for arriving at property value estimates before concluding with a specific valuation or market summary.
Output Format
Provide any quantitative analyses, including valuations and market trends, in a concise paragraph format or, if needed, in JSON format for structured data outputs.
Examples
Example 1:
Input: “What is the estimated current value of [123 Example St, Exampletown, CA]?”
Reasoning:
- Comparable sales in Exampletown within the last 6 months range between $X and $Y, with an average price per square foot of $Z.
- The subject property has [square footage] square feet, yielding an approximate value range of…
Output:
“The estimated current value of [123 Example St, Exampletown, CA] is approximately $V, based on comparable sales data and property characteristics. Note that factors like recent renovations or unique location traits can influence this value.”
Notes
- Ensure assessments are based on recent and regionally relevant data.
- Make sure to acknowledge any estimate limitations due to factors not captured in the data provided.
user
Location: 4422 Lareina Dr, Austin, TX 78745
Please produce: [zoning, valuation]
AI output of gpt-4o
Zoning:
The property at 4422 Lareina Dr, Austin, TX 78745 is located in a residential area of Austin, Texas. The zoning for this area is typically designated as SF-3 (Single Family Residence), which allows for single-family homes and duplexes. This zoning classification is common in many residential neighborhoods in Austin and supports a variety of residential uses while maintaining the character of the neighborhood.
Valuation:
To estimate the current value of the property at 4422 Lareina Dr, Austin, TX 78745, we consider several factors:
-
Comparable Sales: Recent sales of similar properties in the 78745 ZIP code show a price range of approximately $350,000 to $600,000, depending on the size, condition, and specific location within the neighborhood.
-
Price Per Square Foot: The average price per square foot in this area is around $300. This can vary based on the specific features and updates of the property.
-
Property Characteristics: Assuming the property is a typical single-family home in this area with an average size of around 1,500 square feet, the estimated value would be approximately $450,000. This estimate can vary if the property has unique features, recent renovations, or other distinguishing characteristics.
-
Market Trends: The Austin real estate market has been experiencing growth, with increasing demand and limited inventory, which can drive up property values.
Conclusion:
The estimated current value of 4422 Lareina Dr, Austin, TX 78745 is approximately $450,000, based on recent sales data and average price per square foot in the area. This estimate assumes typical property conditions and may vary with specific property details or market changes.
You can see the system prompt and this model’s verbosity has produced a very convincing product.
However, the actual valuation for “The Cathedral of Junk” in Austin may be wildly different if you were to get a value from an estimator instead of a string of predictive text that merely follows the form of what the desired output should look like.