manufactured homes on permanent concrete foundation?

Question

Dear all, I would like to have the advice on a deal I came cross. it's a manufactured homes on permanent concrete foundation (for all exterior walls siting on concrete foundation), the home also on rectangular ‘chassis’ (metal frame). The home needs repairs, I wonder would how would this home value compares to the regular home? from the city record it pays land tax and improvement tax, meaning it's a real property. can I use the regular home as comparable for a flip? it also has the "affixation affidavit regarding manufactured home"

PROPERTY ASSESSMENT

LAND $39,448
IMPROVEMENTS $74,124
PERSONAL PROP $0
GROSS VALUE $93,572
EXEMPTIONS $7,000

PROPERTY ASSESSMENTLAND $39,448IMPROVEMENTS $74,124PERSONAL PROP $0GROSS VALUE $93,572EXEMPTIONS $7,000

Rachel H. · Answer

@Jeff L. It's best to get my comps for the same property type as close as you can to the subject property. With that being said, it's not always an exact science. Though, if you're trying to get an idea of values you may want to talk to a local real estate agent who specializes in that area who may be able to help you with more insight. Also, you can talk to some local mobile home dealerships as they're in the business of selling homes with land. In the past, I've found them to be a good resource of information when it comes to learning the market. Hope that helps!