The price per square foot is not a cost approach used often in this area for various reasons. However what is more common are the features of your condo such as hardwood, ss appliances, upgraded cabinets, upgraded flooring and lighting package, number of bedrooms and bathrooms, upgraded bathrooms and if the building itself has any amenities. Once that is determined then comparing it against other condos in the area and adding the separate car port as a "income producing" property and determining how much income one could bare from this additional space can help in your valuations.We are missing some details that can really help us value your property. Please in box me for additional information and FREE full blown CMA so you can have a complete understanding of your marketplace.
All the Best!
Zaza Pasori | Realty Resource, LLC
Home Office:2722 Connecticut Avenue
NW 72, Washington, DC 20008
Equal Housing Opportunity
Principal Broker: Realty Resource, LLC 715 Tonquin Pl, Leesburg, VA 20176