Properly Determine ARV

[Isaac Fridmann]

Hi Everyone,

A common issue I'm running into when trying to determine the ARV is, I'm finding comps of similar size and in close proximity to the subject property, but none have been recently renovated. How do you take that into account? I'm hearing some say to calculate the average of the price per square foot sold. Do you feel that provides an accurate ARV?

Would love to get your feedback on this.

Thanks in advance!