Location-Based Address Determination and Real Estate Valuation

• US 20110022540A1
• Filed: 07/23/2009
• Published: 01/27/2011
• Est. Priority Date: 07/23/2009
• Status: Abandoned Application

• Current Assignee: FMR LLC
• Original Assignee: FMR LLC
• Inventors: Stern, Hadley Rupert, McDonough, John C.
• Application Number:
  US12/508,514
• Publication Number:
  US 20110022540A1
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G01S 5/0027 of actual mobile position, i.e. position determined on mobile
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Described are methods and apparatuses, including computer program products, for location-based address determination and real estate valuation. Current location information from a mobile device is received by a server computing device. The location information includes global positioning data associated with the mobile device and photographic data associated with one or more photos taken by the mobile device and associated with the location. A street address based on the location information is determined by the server computing device. The photographic data is processed in associated with the global positioning data, wherein the photographic data is used to determine the street address. Financial data associated with the street address is received.

Claims

1. A computerized method for determining location-based real estate valuation comprising:

receiving, by a server computing device, current location information from a mobile device, the location information including global positioning data associated with the mobile device and photographic data associated with one or more photos taken by the mobile device and associated with the location;

determining, by the server, a street address based on the location information by processing the photographic data in association with the global positioning data, wherein the photographic data is used to determine the street address;

retrieving financial data associated with the street address.

2. The method of claim 1, further comprising generating a real estate valuation based on the financial data.

3. The method of claim 2, further comprising comparing the real estate valuation with valuations of similar properties to generate a relative comparison value.

4. The method of claim 1, wherein the financial data includes a sales price, an assessed tax amount, an appraisal value, an owner identification, or any combination thereof.

5. The method of claim 1, wherein processing the photographic data further comprises determining the compass direction of the photographic data.

6. The method of claim 1, wherein processing the photographic data further comprises identifying text contained within the photographic data.

7. The method of claim 1, further comprising transmitting the real estate valuation to a remote device.

8. The method of claim 1, further comprising retrieving a financial portfolio associated with an owner of the real estate.

9. The method of claim 1, further comprising receiving photographic data associated with one or more neighboring locations when the current location is destroyed, the photographic data used to determine the street address of the destroyed location.

10. The method of claim 1, further comprising receiving photographic data associated with one or more locations, the photographic data used to generate a list of properties associated with the one or more locations.

11. The method of claim 10, wherein the list of properties is filtered according to criteria identified by a user of the mobile device.

12. The method of claim 1, wherein the photographic data is taken by a device that is separate from the mobile device;

and wherein the photographic data is transmitted to the mobile device via a communications link.

13. A system for determining location-based real estate valuation comprising:

a server computing device configured to;

receive current location information from a mobile device, the location information including global positioning data associated with the mobile device and photographic data associated with one or more photos taken by the mobile device and associated with the location;

determine a street address based on the location information by processing the photographic data in association with the global positioning data, wherein the photographic data is used to determine the street address; and

retrieve financial data associated with the street address.

14. A system for determining location-based real estate valuation comprising:

means for receiving current location information from a mobile device, the location information including global positioning data associated with the mobile device and photographic data associated with one or more photos taken by the mobile device and associated with the location;

means for determining a street address based on the location information by processing the photographic data in association with the global positioning data, wherein the photographic data is used to determine the street address; and

means for retrieving financial data associated with the street address.

15. A computer program product, tangibly embodied in a computer readable storage medium, the computer program product including instructions operable to cause a data processing apparatus to:

receive current location information from a mobile device, the location information including global positioning data associated with the mobile device and photographic data associated with one or more photos taken by the mobile device and associated with the location;

determine a street address based on the location information by processing the photographic data in association with the global positioning data, wherein the photographic data is used to determine the street address; and

retrieve financial data associated with the street address.