You're interested in buying a fixer$-$upper in a rapidly developing area. When searching for comparable properties $($comps$)$ to estimate value, which of the following would be the MOST suitable comp?

A new construction single$-$family home, much larger and more expensive, located in the same neighborhood that just sold.

A fully renovated house of similar size and age located in a different neighborhood that sold recently.

A house in need of similar renovations, located on a comparable lot in your neighborhood, that sold $3$ months ago.

A teardown property on a smaller lot in the same neighborhood that sold last year