Valuing a House with Freeway Noise
Hi All,
I'm trying to go through and properly value a house that is right next to a major freeway. I've been very conservative in my valuation (comping it to 75% of value of similar houses without the freeway noise) but I'm looking for those with more experience dealing with this situation. What valuation should I expect for my ARV, versus comparable houses?
It's a house that has been completely remodeled, all new electric, plumbing, mechanical, foundation, windows, roof, kitchen, bathroom, floors, etc. We finished and staged it as we usually do, a high-end finish with designer colors. The property is about 1500 sq ft, and two blocks to the rapid transit in the area. (For those of you who are curious, we're in Mosswood, Oakland). What would you expect my value, compared to the top of the market, to be? If you work in the area, feel free to give me a solid number for ARV instead of a percentage.
Thanks all!