This is the second (and last) post in a little mini series explaining how we calculated the updated market value of the duplex we bought for $50K. Here’s the outline of this little series in case you want to start at the beginning.
Part 1 – Finding Comps & Calculating the Value from Price/Sqft [...]
Until recently, we’ve been carrying the duplex on our balance sheet at a market valuation of $70K. But a couple of weeks ago, we updated our October 2012 Balance Sheet and revised the duplex’s value to $97K because we updated the market comparable sales. The next two posts are the explanation for that update. Consider [...]