Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 12 years ago,
Comping Properties in Atlanta GA
All my Atlanta/Georgia peoples, how do you comp a subject property when there are no similar properties anywhere near it? For example: a subject property is built 1950s and is 1400 sqft, 4/2. The neighborhood that the property is in, houses are either 2000s and newer with the same sq. footage and same bed/bath. Now technically I cant put these properties as my comps since they wont have the same features as a 1950 property. All other comparable properties are built the same year (give or take minus or plus 10 years) but are small - 600 to 1000 sqft with only 2/1 or 3/1 if Im lucky. If I do find some property that are the same year and same bed/bath, it would be at least 1.5 to 2 miles away from the subject property.
How do you guys go about comping a property in a neighborhood like this and settling on a price?