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Updated over 14 years ago on . Most recent reply

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Jimmy Delcamp
  • Real Estate Investor
  • Denver, CO
27
Votes |
33
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Yellow Cats

Jimmy Delcamp
  • Real Estate Investor
  • Denver, CO
Posted

Now that I got your attention, I have a question.

Currently I am trying to determine the value of a property and have come across some problems. The particular property has a barn, chicken coop, and horse stall that were all converted into apartments. Along with the original house on the property. Since it has such a strange design, there aren't any comps to compare to this property. How would one go about determining the right value for such a place?

Here is a little bit of video footage of the outside of the property.

http://www.youtube.com/watch?v=PO4tfsuWjQI

and

http://www.youtube.com/watch?v=bksPCHpCFw0

P.S. I apologize for the shaky footage.

Most Popular Reply

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22,059
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14,128
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,128
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22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Outbuildings converted to apartments? That can't be up to code!

I'd ignore all those outbuildings and work up a value based on comps for the land and house. Then, I'd subtract the cost of demolishing and removing those other buildings.

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