Estately, a MLS-based home sales search site, has raised $800,000 from a number of prominent angel investors including 500 Startups, Founders Fund, Jeff Clavier, Founders Co-op, Geoff Entress and Naval Ravikant.
Estately is a simple way to help consumers find and buy homes online. But the site tries to differentiate itself from competitors like Zillow and Trulia by including unique search filters to allow people to find homes near a BART station in San Francisco, or the ability to search for high Walk Score homes in any urban area. And today, the site is also launching Estately School Select for Real Estate, which allows consumers to pick the school they want their child to attend first, then see all the homes they can buy that are in the school’s area on a map. Considering how important school districts are when choosing a home, this feature is sure to be a popular one amongst families.
The site works with a network of 200 real estate agents and makes 20% of the commission when people purchase a home through one of Estately’s agents. Currently, Estately lists nearly 600,000 homes in Seattle, Portland, San Francisco, Sacramento, Los Angeles, San Diego, Chicago, Long Island, Washington DC, Baltimore, and Atlanta.
As the real estate market picks up following the recession, Estately is growing as well. The company is profitable and traffic has more than doubled in the last six months. The new funding will be used to expand to additional markets and add new product features similar to the school search.