Please help me ballpark home value!

[Garrett Fulton]

I am currently looking for my first investment property in the dc area(cheap areas in prince georges county) where I plan to buy and hold.

I am interested in a particular home, however I'm not sure it's value. The home is listed for 159,000 and is fully renovated, new roof, new SS appliances and granite in kitchen, new ac/heat.... Pretty much new everything The comps given to me from my agent are townhomes in the area that are listed/sold from 45,000 to 60,000. Most of these are bank owned/foreclosed and pretty run down.

I know that I could get 1400-1600 a month on rent based on the rental comps given to me by my realtor.

The realtor is pushing me to come in at 146,000 for the townhouse, but I'm worried that I will be overpaying given that this area is so depressed with foreclosures.

Any input would be greatly appreciated! I'm very new at this and confused!