LOCAL MARKET ANALYSIS
Older housing stock and small income property require property-specific analysis.
Auburn has a substantial inventory of older housing, established neighborhoods, small residential income properties and a range of property conditions. Neighborhood, condition, functional utility and property use can be more important than straight-line distance when selecting comparable sales.
Properties with extensive renovation, conversion history or atypical condition may require a more detailed search and market-supported adjustment analysis.
Property characteristics we consider
- neighborhood and block influence
- older housing stock and renovation
- single-family versus 2–4 family use
- lot and parking utility
- condition and deferred maintenance
- proximity to major local amenities and corridors
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