distance from comps?

distance from comps?

How far away is the range in miles for comps? I know we're shooting for last 3 months, can go back as far as 6 months, but I don't remember the distance.

I'm looking at a deal with almost no comps within 1/4 mile in last 6 months, but a few 1/2 mile away (further in towards center of this nice neighborhood), and they're significantly higher price per sf. Will make a big difference.

So, how far out in distance are you guys going to find comps, and how many comps do you need to see within last 3 months or 6 months to make you feel good about your FMV estimate?



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