How to Estimate the ARV

[Dorian White]

Hello All!

Firstly I want to say thank you for taking the time to read this and offer your advice.

I am currently doing a calculation for a property in my parent's neighborhood. The house is listed for $150000 but the listing agent has made it known that the sellers are highly motivated to sell. I am looking to offer significantly lower knowing that it will need to be taken down to the studs. 

The obstacle I find myself facing is there aren't any properties in the vicinity that have been completely renovated and sold/currently being sold within the last 90-120days. In light of this, what do I do to get an ARV calculation to know if this project will be a deal or not?