Question about the After Repair Value

[Victor Matias]

Hello everyone,

I am new to the investing world in Real Estate and I have a question, when determine the ARV, do you go by the price of the last sold comps or by price by sqft? I explain, do you take the highest priced comp similar to your subject property as your ARV or do you take all the comps applicable to your subject property and divided by the number to get your price per sqft and determine the ARV?

I see different opinions regarding this and I'm a little bit confused.

Thanks in advance!