Hello everybody - I'm a newbie/greenhorn investor in the OKC.
I'm looking for any information I can get regarding how comps are selected in OKC's northern urban core (between I-40 and I-44).
It seems to me that, based on general comparative logic, using the "1 mile radius" and "sold in last 90-days" rules wouldn't necessarily yield fair comps due to factors like historic vs. non-historic neighborhoods, proximity to entertainment districts (Paseo, Uptown, The Plaza, etc.), and Pinterest-quality rehabs being next door to early 20th century homes in need of serious TLC.
For example: could a home in the north-eastern corner of the Las Vegas addition pull comps from the north-western corner of Gatewood (assuming the homes are identical in terms of interior/rehab quality)?
Any tips/rules/parameters you can share would be greatly appreciated.
