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ARV Calculator (After-Repair Value)
After-repair value (ARV) is what a property will be worth once renovations are complete. The quickest estimate multiplies the average price per square foot of recently sold, comparable renovated homes by your property's square footage. For comps selling at $200/sq ft and a 1,500 sq ft house, the ARV estimate is about $300,000.
ARV ≈ Comparable Price per Sq Ft × Property Square Footage
How it works
Price-per-square-foot from comparable sales is the fastest way to ballpark ARV. Pull three to six homes that recently sold nearby in renovated condition, similar in size, age, and style, then average their sale price divided by their square footage. Multiply that figure by your property's livable square footage.
This is an estimate, not an appraisal. Square footage alone ignores lot size, layout, condition, and location nuances, so treat the result as a starting range. For an offer you'll act on, refine ARV with adjusted comps or a professional valuation.
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Get started freeFrequently asked questions
- What is ARV in real estate?
- ARV stands for after-repair value — the estimated market value of a property after all planned renovations are finished. It's the anchor for flip math: your maximum offer, projected profit, and loan amount all derive from ARV.
- How do you calculate ARV?
- The quick method multiplies the average price per square foot of comparable, recently sold renovated homes by your property's square footage. More precise methods adjust individual comps for differences in condition, features, and lot. ARV is an estimate — verify with strong comps or an appraisal.
- How many comps do you need for ARV?
- Aim for three to six comparable sales from the last three to six months, located close to the subject property and similar in size, age, and style. More, fresher, and closer comps produce a more reliable ARV estimate.