Assessing property value given past sale
Hi, I’m currently on the market and interested in bidding on a pre-war 2bd, 1.5ba property in North Slope. Asking is 700K which seems about right (given that it has outdoor space as well); however, I discovered that an identical apartment in the *same* building (I believe it even has the same outdoor space) sold in 2004 for a little over 400K. My question is, how can I figure out if the apartment is priced right based on this information?
