Comps Sold Recently For 6 Times The Amount Of Subject

[McCall Russell]

The property I'm looking at and the comps are all 2 bd 1 ba with the exception of 1. They all need full rehab and the comps recently sold for $1,350.000 each. It's 4 properties right next door to one another bought by the same company. The subject property is 3 houses down from them, listed for $294,900. I know it would be best to add an additional bed and bath.The property has been listed for 92 days and I reached out to the Realtor to schedule to go view it but they advised the home is occupied and the seller hasn't replied to them. What should my next steps be and what would be the best way to analyze it with the comps being way higher than what it's worth?

[Jaron Walling]

The fact that the property has been listed for 92 days tells me a lot. It may have structural issues, weird layout, tiny bathrooms, outdated electrical, or a combination of issues. You need way more details before determining a value and making an offer, and that's if you contact the seller. 

I wouldn't waste anymore time on that dud and move on.