It would basically be classified as owned lot or rented lot and those two types must be valued separately within its own respective categories. It is not appropriate to use properties that are not similar in that factor.
![square footage calculator mobile home square footage calculator mobile home](https://i.pinimg.com/originals/34/b2/6f/34b26fcb37d54f9fd370b6d690ac1d88.jpg)
So when valuing the property you need to determine first whether it is attached to the land or not and then compare it to properties that are similar to yours that are attached if yours is attached or not attached to the land if yours is not attached to the land. If it is not attached to a lot then the value will be based on what other properties have sold for that are not attached to the land. The main value of this property will be in the land if attached to the land. In the MLS, for these type of properties, it is generally advertised as land only, the mobile home has no value if the mobile home is built prior to 1978, cash buyers only. Search for similar properties that have sold within the past year. You can adjust for the difference in square footage, lot size or land value, amenities to the property, condition and any other relevant factor that may affect the value. 5 mile if urban for any other mobile homes that are similar in age. Be sure to search within one mile if suburban, 5 miles if rural and. So if your living room, bedroom, bathroom, and.
![square footage calculator mobile home square footage calculator mobile home](https://miro.medium.com/max/381/0*c0ZnXFSLrHN9AJdf.png)
Add up each box’s square footage to get the room’s total area. You will have to look at similarly aged mobile homes that have sold. Simply break that area down into a smaller box, and measure each box individually. Lenders will not lend on a mobile home built prior to 1978 so you will only be able to sell it to a cash buyer.