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All Forum Posts by: Dan Hoelter

Dan Hoelter has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Determining ARV with Two Homes on One Lot

Dan HoelterPosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 1
  • Votes 0

I live and invest in greater Cleveland, OH. A lot of investment properties here will have two homes on one lot. I'm currently evaluating a triplex with a SFH both on the same parcel. The two properties have a combined square footage of over 4400 square feet. When I take comps in the area and apply the same $ per square foot to this pair of homes, I get an ARV that is much higher than i would anticipate. How would an appraiser approach this situation? Is price per square and ARV a linear relationship or does it typically taper off at a certain point?

Thanks!

Dan

0 Votes