Uses and density are identical to their companion districts.

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.

(My apartments average over $50/unit over my neighbor's identical units!

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.

It is difficult for a condo to appreciate as an LTR and even more so as an STR when there are hundreds of other identical units and you have limited control over the property in order to force appreciation in terms of paint, renovations, adding a pool, adding pulll-up bars, adding a mini golf, etc. 

Hypothetically if a close to identical house and a condo are in the same neighborhood with the same bd/ba and same sq footage.

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.

Each club has its own identity and rules.

Personally if I was to look at a house and seen 2 identical rehabbed homes (side by side) and one was for sale by a license rehabber and the other by Joe Blow, I would probably consider paying a couple hundred more for the licensed rehab project.

I have access to complete plans for an identical remodel.