u/Solid_Rock_5583

Purchase price was about 450k and appraisal came in at around 340k. The house comparisons supports the purchase price. All of them were about half a mile away. There was one for a house on the same street (maybe a few houses down) that was $485k. This one had pretty much the same total area and living area. Also shows that the current owner brought the house 4 years ago at $390k. There is no issue with covering the difference. Just wanted to understand if this difference was something to be concern about. Checking this on the behalf of someone else. This is in CT (none of the major cities in CT). First time posting in Reddit, thanks for the help.