No comparable, what to do?

[Brandi J.]

Hey BP fam. How should we determine ARV on a property that's in a nice area of Macon, GA with no similar comps nearby? The house we have under contract is 5 bedrooms/3.5 baths with 3 levels, on a 17,000 sq ft lot. However it needs a bit of work, but once renovated it's going to be the crown jewel in the neighborhood. We went back 12 months and about 1.5 miles out for similar renovated comps and found nothing.

How should we determine the ARV of this unique home?

Is it possible that this house can create a higher/different comp for the area?