What is your house worth? The fundamentals of doing comparables.

• For comparisons, try to use a home that’s in the same subdivision if available. If not available, maximum 1 mile in proximity.
• Your subject versus comp should be plus or -200 ft.² max in comparison.
• Same property type (single story vs single story – 2 story vs 2 story) never compare a single story versus two-story home. There simply different and have different values.
• Build generation – Same/similar age within five years.
• Recent solds no older than six months. Preferably three months or less.
• Added value basis– Homes under $500,000

1. Bathroom – 10k
2. bedroom – 10k
3. garage – 10k
4. pool – 10k
5. carport – 5k

• Added value basis– Homes over $500,000

1. Bathroom – 10k
2. bedroom – 20k
3. garage – 20k
4. pool – 20k
5. carport – 10k

Home location relative to traffic / proximity

Siding/backing traffic –

Homes under $500,000 –  

-10K

Homes over $500,000

-10% of value

Fronting traffic – –

Homes under $500,000 –  

– 20K

Homes over $500,000

-20% of value

Hope you find my data analysis useful.