Comps
We’ve established the projected market value of the property upon completion by averaging four comparable sales. These comps were carefully selected based on their relevance: they are all recent transactions (with only one slightly over a year old-located on the same street), located outside of subdivisions, and closely match the subject property in terms of market appeal and desirability. Having undergone multiple appraisals over the years, we’re well-acquainted with the types of comps appraisers consistently favor for this unique property, and these align with those standards.
9865 Buice Rd
Sold 6/6/2025
Sales Price $1,390,000
Sq Ft $5,905
Sq Ft $235
Age 1988
Bed/Baths 6/5
Distance .70 miles
9701 Buice Rd
Sold 8/14/2025
Sales Price $1,140,000
Sq Ft 5,338
Sq Ft $214
Age 2007
Bed/Baths 5/5
Distance .90 miles
9745 Spruill Rd
Sold 10/15/2024
Sales Price $1,100,000
Sq Ft 4,932
Sq Ft $223
Age 1970
Bed/Baths 4/5
Distance .50 miles
Condition: The property is significantly outdated, with no prior renovations or upgrades. It requires extensive repairs due to water damage, as well as comprehensive cosmetic improvements throughout. We’re personally familiar with the home, as an acquaintance previously lived there, giving us firsthand insight into its current state.
9805 Buice Rd
Sold 8/29/25
Sales Price $814,400
Sq Ft 2,928
Sq Ft $278
Age 1975
Bed/Baths 4/4
Distance .60 miles
Subject
Using the average of the 4 comps. Why these were selected? They are not in a subdivision, they are recent sales (all but one within 1 year) so they are the closest in market and appeal to the subject. Having had multiple appraisals done on the property over the years, we know what comps appraisers like to use. Albeit some will use subdivision comps (which would further increase the subject value) we are trying to give a potential buyer an hones opinion of value.
Average Sq Ft $237.25
Sq Ft 6,356 (per appraisal in 2021)
Estimated Value $1,507,961