Home Selling in Fernandina>Question Details

Jeramey, Other/Just Looking in Fernandina, FL

what is the price per square foot that a home in Amelia national would be valued at?

Asked by Jeramey, Fernandina, FL Sun Dec 30, 2007

Help the community by answering this question:


To figure the price per square foot a proper Comparative Market Analysis would have to be done. This entails comparing the subject property with those properties that have been sold and those that are active and coming up with a proper price for the subject home.
Example -
Subject home - 3 BR/2BA 2000 sq ft Built 2005
Sold homes - 3BR/2BA 2000sq ft Built 2003 350,000
3BR/2BA 1950 sq ft Built 2006 375,000
3BR/2BA 2050 sq ft Built 2006 325,000
Active homes - 3BR/2BA 2050 sq ft Built 2004 350,000
3BR/2BA 2000 sq ft Built 2006 400,000
3BR/2BA 2000 sq ft Built 2005 365,000
Using this as a best case scenario you would compare the sold prices and the active prices to come up with a recommended list price for the subject property.
So, if the recommended list price were to be $350,000 for the subject property and the sq. ft. is 2000 then the price per sq. ft ($350,000/2000 = $175 per sq. ft)
Looking at the homes in Amelia National (70 currently listed or sold) the per sq. ft range is from $113 - $218 per sq.ft.
1 vote Thank Flag Link Tue Jan 8, 2008
I realize your question was posted Dec '07, however, just in case if you are still interested in Amelia National, 2008 has seen dramatic price decreases with several short sales which ultimately affects the per square foot value. Also, the per square foot value is based on heated square footage space only. Appraisers use a plus and minus system to reach true comparative values.

I hope you have found this information useful. You can reach me easily for additional information. See below.

Best Regards,

Darlene Morris, GRI
Prudential Chaplin Williams Realty
0 votes Thank Flag Link Wed Oct 22, 2008
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