I need help with wholesale deal

[Angela Woods]

I’m looking for my first wholesale deal. But I’m a little confused on the comp. Five years ago the owner put the property on the market for $45,000 but it fail. So, today I found 1 house that sold similar for 225,100. 

Example- subject property-123 main st 3bd 2ba year 1935 sqft 1542 $45,000 MLS Fail

Comp 1   130 s greenwood Ave 3bd 2ba year 1941 sqft 1649 $222,100 sold

ARV- 211,254

Sqft $137

It’s out of dated

MAO 62,878

It’s doesn’t look like a deal

Do I need find other comp and adjust the appraisal