[quote=jpinpb]But since sdr doesn’t like my examples, I’ll add this one 3642 Arizona not on a busy street, 3/2, LP $599,000 to $629,000, PPSF: $470.
That would be still be better than Texas or Villa Terrace, IMO. Hasn’t closed yet, but same LP as the others.[/quote]
Now thats a better comp because its got 2 baths and is within about 100 sq ft of Texas. The problem is its $493/sf at the high end of the range and $470/sf at the low end. Texas is only $437 so it doesnt really prove anything other than its a nicer house.
FWIW, I dont want to get into it but units always sell for lower $/sf than owner occ properties. Doesnt matter how you might value them, thats the way it is.
