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All appraisals use comparative analysis, I believe it's required...
Appraisers generally look at your house and compare it against similar houses in the area. Then deduce or add depending on the differences between the houses.
I got an awesome deal a month and a half ago when I bought my first house. Listed at $200k more than I paid, appraised at $100k more than I paid and the appraiser missed two full baths, radiant flooring throughout the entire house, and a few other things! I bought the house out of foreclosure on the builder. Now I just have projects for years, hahahha
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