$250,000 · CRESTLINE, CA 92325
Works for flippers · Low return for landlords

Sold

$250,000Asking price

3 bd · 2.5 ba · 2,390 sq ft · built 1984

CRESTLINE, CA 92325

Contract on file

via InvestorLift Classic

Listed Oct 20

Works for flippers

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $500,000
Asking price: −$250,000
RepairsMiddle of the seller’s $40,000 – $60,000. Ours: $29,000 – $60,500: −$50,000
Loan, holding, closing20% down, 12% interest, 2 points, 80 days: −$31,760
Profit33.6% of ARV · flippers want 10%+: $168,240
Works

Works for a flipper up to $360,000.

SELLER'S ADVANTAGE

Troy Lines

No reviews yet

Comps

Sales

Rents

ARV $500,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $631,000.

The sales behind this value are shown to members.

ARV $500,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SELLER'S ADVANTAGE

Troy Lines

No reviews yet

Seller Description

3 Bedrooms / 3 Bathrooms

2,390 SF Home

7,660 SF Lot

Built in 1984

2 car garage

Property Type: Single Family

DISCLOSURE:

TENANT OCCUPIED AT TIME OF CLOSING!

TENANT QUESTIONNAIRE WILL BE PROVIDED UPON REQUEST.

DESCRIPTION:

Last sold in 2006 for $499,000. Tenant occupied Crestline property. The tenant is a member of the family who has lived in the property for the past 10 years. She does not have a lease nor has she made any payments. The executor of the trust lives out of State and he is ready to proceed with the sale as the beneficiaries are getting older and it's time for everyone to move on. The home is in good condition however it will likely require a legal eviction and cosmetic updates.

Condition:

Exterior: