Comparing Comps Quesion

[David de Luna]

If I'm looking at a property that sells for, say, $25k, that needs rehab, then do comps to determine ARV after factoring in rehab costs. I know that I'm searching the solds in the immediate area, within a few hundred SF of subject property, same beds/baths, lot size. I see plenty of homes in that range - $25k, and very few homes at, say, $50k - $60k. How can I know if the $50 - $60k homes are renovated homes? I'm trying to get a sense of what my ARV will be like, but sort of stuck trying to determine ARV.

Anyone have any wisdom on culling the sold data to find your true ARV?