Running comps and determining what's a deal...

[Geovanni Castro]

So I've been practicing running comps or trying at least and I don't know whether I'm doing it right or wrong. Most of the properties don't share similar features to the subject property (# of bed baths, etc) and I seem to be stuck at a standstill. Also if you're trying to get the FMV of a property that needs work, how do you determine which comps to use to derive a good number in regards to a property that does need work.

For example lets say this property here:
10940 153rd St Jamaica, Queens, New York.

I can't seem to find good comparables in Zillow to come up with a good number for the FMV. And what if the property needs 40k in work? How do you know if the comps your using are from properties that need work or in retail condition? Please someone clear this up for me