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Updated over 10 years ago,

User Stats

55
Posts
10
Votes
Senay Baraki
  • Houston/Chicago, TX
10
Votes |
55
Posts

Cant figure out the COMPS for a property (help).

Senay Baraki
  • Houston/Chicago, TX
Posted

I got a property that I am having a hard time to come up with an offer price. The area is a hot area where a lot of developers are selling townhomes and condos  in 400 - 700K. The property was built in 1945 and apraisal sites have it around around 280K. Another house on the next street sold for 325k.

Land value is 269K

House Size 1,911 Sq  Ft

Lot Size 9,374 Sq Ft  Lot

I am thinking of starting around 160K.
Since the this house was built in 1945 and how do I get the right comps?

Does this make sens or what are other factors should I consider into this deal?

Thanks in advance.

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