The piano was appraised for $4,500 by an independent appraiser on June 27, 2013. The appraiser declared the piano in excellent condition inside and out and well-maintained and regularly serviced. It has no wear to the hammers and the tuning pins are tight. The piano holds a tune extremely well. The action is properly regulated to factory specs. The soundboard is intact (no cracks) and the case is in excellent condition with no wear to the high-gloss finish. The piano appears and plays like-new. It was last tuned and serviced on June 27, 2013.