Lannie, you had emailed me about this property as an opportunity I might be interested in. I still might be, but wasn't arriving at the same ARV you had come up with. The comps are out there to support coming close to the ARV that you are advertising if you look at just the lot size and square foot of the home, but all of those homes are superior in that they're newer construction with end-buyer-desired floor plans, have barns or extra garages, and some are even water front. I know the local area very well and am a broker. Not only did I search in Holly School District, but I also went back a full year.
Hiring an appraiser to give you an ARV will likely result in an amount similar to what I've determined. Unfortunately, in the end, what the appraiser comes up with is rather irrelevant because the value still needs to make sense and be there for your buyer.
