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Chris Laino
  • Real Estate Agent
  • East Brunswick, NJ
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Having Trouble Determining ARV

Chris Laino
  • Real Estate Agent
  • East Brunswick, NJ
Posted Apr 23 2019, 10:59

I'm working with an investor who found a property with GREAT potential, but I'm having a hard time finding comps for an ARV.

Property details:

  • ~1800 sq. ft Ranch
  • 1.07 acres
  • 4 bed, 2 bath

There are only 3 "comps" within .5 miles from property and 20 within 1 mile (sold in last 365 days). The problem with the comps is most are 2-3 beds, 1-1.5 bath, 1200-1500 sq ft on .25-.5 acres (and are very outdated). How can I best determine ARV without similar comps?

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