Look at the 4 or 5 closest nearly identical sales and get an average, that’s about what they are worth.

You could have 2 properties next to each other that appear identical but one was built by a luxury home builder and the other by a crappy builder, and that could be a huge change in value.

I recently inquired about a property that had identical sold comps (likely built at the same time by the same developer in the 1970s) within half a mile in much better condition.

I had an almost identical situation with a med school tenant who had bad credit so offered to pay 6 months up front and then another 6 months when his next set of housing allowance came thru.Even with that, he was a bit of a nightmare...was late with the next 6 mos payment and then only had 3 mos rather than the 6 agreed.

A nearly identical house next door but without a finished basement has just sold for 365,000 so I do feel confident on my ARV.

@Michael Woodward I have never received push back due to my S-corp identity.

I’m looking at a nearly identical situation in a near by neighborhood.

Although there are usually pretty darn good investment reasons two identical properties (3/2s) might have an actual and future value difference in the millions. 

Each building within the community is a row of 6 attached townhouses, all identical with the exception of the end-units only sharing 1 wall, while the other share 2.

Both units are pretty much identical to each other in terms of square feet, number of bedrooms and bathrooms, however, with just a few main differences such as:1) The lower unit has one window less than the upper unit in the back of condo due to the stairs from the upper deck down to the ground level so that stairs end up preventing the possibility for a window in that wall on the left side in the back of the lower unit. 2) The upper unit has a structure on the roof that is considered as a den room and it has a nice view of monument and Capitol Hill.