Using a forclosure sale as a comp

[Appraisal Santa Fe]

I have a job way in the boonies, its an older place and comps are tough to find.
I found one that is of similar age and style. MLS states it is in forclosure, bank will finance 90% at 5.7% for 30 years.
Do I have to add that information in the financing section of the grid and how would I word it?

Thanks for the help!!



RC

 

[Michigan CG]

It is a list comparable, or a sale comparable?

5.7% is an advantageous rate at this time since current rates are around 6.4%. On a $100,000 loan the 5.7% rate would make the payment $580/month and the current 6.4% rate would be a $626/month payment. It should at least be discussed.

 

[Appraisal Santa Fe]

It's a sales comp.