What are the top three factors affecting home value?

Or so the saying goes.

But, really, the location of a property is key in understanding its value.

A home with 1500 SF in one neighborhood in Harrisonburg will not necessarily sell for the same price as a home with 1500 SF in another neighborhood on the other side of town. 

A townhome built 20 years ago in one neighborhood will not necessarily sell for the same price as a townhome in another neighborhood that was built 20 years ago.

As such...

Don't be too hasty in drawing conclusions about the value of a house based on the sales price of houses in a completely different location or neighborhood.

It is usually best to seek to understand the value of a home by first examining recent sales in the same neighborhood or location of the home in question.