Q&A: In your opinion, what is the “Reasonable price” for this real estate property (as described below)?
Question by Arctic: In your opinion, what is the “Reasonable price” for this real estate property (as described below)?
1. It’s a detached single residential house.
2. 2 bedroom, 2 bath
3. Located in a middle class region (not up-scale, not a low-scale either.)
4. Built in 70s.
5. Normal location. (Not so good, not so bad, either)
6. 2 parking spaces.
7. 800 sq ft. (building) 3000 sq ft. (lot)
8. It’s in Los Angeles area.
Best answer:
Answer by niceperson44
I depends on the neighborhood, the condition, the kitchen, whether it has been updated, the yard and landscaping, what the other similar houses on the street have sold for in the past year. I would guess it is between $ 350,000 and $ 500,000 but without knowing if it is nice or a dump, fixed up or run down, and if the neighborhood is desirable I can’t be more accurate than that.
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