PRICE: $89.
900 (SUPER CHEAP!)
ARV OPINION: $265,000 (WITH COMPS!)
*****HOME HAS FIRE DAMAGE******
Property Details:
Bed: 3
Bath: 2
Sq ft: 1,386
Lot Size: 0.
34 according to Kerr County Appraisal District
Garage: 2 Car
Year Build: 1983
Subdivision: Hummingbird
Deal Breakdown:
The CHEAPEST available property in over a mile radius by over $330k and the cheapest to sell in the last 24 months! This off market property does have fire damage and will need a large rehab to get it back to its full potential.
Value Points:
- Cheapest available property in over a mile radius
- Cheapest property to sell within last 24 months
- HUGE spread!
Comps Breakdown (PDF of comps attached):
118 Secluded Oaks:
3 bed | 2 bath | 1458 sq ft | 0.
5 acre lot | 2 Car Garage | Unknown year build | Sold for $259,500 | $177.
98/sq ft | | Closed 10/2022 | This house is clean, but still outdated on the interior and exterior of the house.
208 Childs St:
2 bed | 2 bath | 1218 sq ft | 0.
114 acre lot | 1 Car Garage | 2020 year build | Sold for $259,900 | $213.
38/sq ft | Closed 12/2023 | This house was built in 2020, so not very comparable in that sense, BUT it is a very basic build and nothing crazy.
ALSO, it's smaller than our subject property, only one car garage, and on a much smaller lot, which is where a lot of the value is in the properties here.
211 Wedgewood Ln:
2 bed | 2 bath | 1531 sq ft | 0.
351 acre lot | 2 Car Garage | 1984 year build | Sold for $275,000 | $179.
62/sq ft | Closed 03/2023 | This house was clean, but not updated.
It sold as is with old carpets and flooring, old kitchen cabinets, old paint job, and step downs inside the house.
118 Hillside Dr:
MANUFACTURED HOME | 3 bed | 2 bath | 1456 sq ft | 0.
56 acre lot | Carport | 2016 year build | Sold for $280,000 | $192.
30/sq ft | Closed 07/2022 | This house is a manufactured home.
Yes, it's much newer, but I included this in here to show what the values are.
It does sit on a bigger lot, and closed for $280k.
We aren't even calling our ARV that high!
602 Main:
3 bed | 1 bath | 1752 sq ft | 0.
34 acre lot | Detached Garage | 1967 year build | Sold for $285,000 | $162.
67/sq ft | Closed 05/2023 | This house was updated with new flooring, paint, kitchen and bathroom cosmetic updating.
It's nice, but a pretty basic rehab.
OCCUPANCY/ACCESS: Vacant, contact me for lockbox code!
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