Fix/Flip houses above $1M range. ~$400,000. to renovate

[Gary Goldstein]

Seller wants $900,000., but $400,000. to renovate cuts buyer profit to $200,000. for a heck of a lot of work, using Zillow's estimate of $1.5. Two houses in same neighborhood have sold for over one million with less sqft and less acreage and 4 houses within 5 mile radius have recently sold for $2M or more. All in the Weddington/Matthews area. What chance do you Pros think there is of selling closer to Realtor's estimate? Maybe 1.6 M? Thanks for any help. 

[Caleb Brown]

For accurate comps ask an agent. Have them look at comps and send examples. Don't trust Zillow or Redfins estimates