Mobile Home (double wide) VS Stick-Built and Comps?
Suppose you are trying to compare comps in a given neighborhood. What % of a value do you figure a double wide mobile home represents compared to a stick-built house of the same size and condition?
For example, let's say a given neighborhood has 2 1800sqft homes for sale. Both are in the same condition, with the lots being the same size, similar landscaping, both with a garage, etc. For the sake of argument, assume they are both about 5 years old and the stick-built home is built on a slab.
What do you think the mobile home value is compared to the stick built house? If the other comps indicate the stick built house is probably at about $250,000, what would the mobile likely be? $200,000?