I adjusted the value of one of my investment properties to $1.6MM. This is still low.
Average multi-unit per unit sale price in the area was $604,897 between May and September, 2013, with the average being $568,333 for 3 units. What's more, some of these comps are in another area which is less expensive. This puts me at $1,700,000 to $1,800,000 for this property (that, as I said above, I've marked to value at $1.6MM). |