Beds: 3 Baths: 2 Sq. Ft: 2232
ARV: $415k+ Repairs: $60k
Off market block home across the Street from Little Lake Fairview in College Park Zip! House is currently a 3/2 and 2,200 sf. There is a porch that was enclosed in the back of the house that will need a little work to make the addition a little more solid. We recommend turning that back room and turning it into a huge master bedroom. There is a utility closet that back up to that room that we thought would make an awesome master bath. By enclosing that room, you bring your square footage up to just under 2,500 sf. Other than that, the house is block and in great shape. It’s just dated and needs to be brought up to today’s standards. None of the comps had really nice rehabs done or super nice finishes. Even with “lived in condition” facades, the comps averaged 191/sf. Subject property is the biggest home and doesn’t have a garage. Taking that into account and using 415k as your arv, that is a sales pp/sf of 166/sf. We feel that is very fair and you could possibly get more if done right. Just blocks away, closer to downtown College Park, homes this size are still getting over 200/sf when rehabbed. Home is show by appointment only and will require a hold harmless per seller. She is concerned someone could get hurt.
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