HUGE PRICE CUT!!! HISTORIC UNIVERSITY PARK | BRICK COLONIAL | 5BD / 3BA POTENTIAL | 3,000+ FINISHED SQ FT POTENTIAL (NOT IN MLS)
Sold Sight Unseen- No Access until we have a ratified contract with the buyer
Property Overview
Rare value add opportunity in highly desirable Historic University Park featuring a classic 1942 Flemish bond brick Colonial.
Offers 4 bedrooms, 1.5 bathrooms, approximately 2,298 square feet above grade and 754 square feet below grade.
Features original hardwood floors, living room fireplace, covered screened in porch and multiple levels of living space.
Solid brick construction and existing character provide a strong foundation for a quality retail renovation.
Interior Layout
Main Level
Living room with fireplace, half bathroom, formal dining room with side walkout to covered screened in porch, kitchen and additional family room off the kitchen.
Upper Level
Three good sized bedrooms and full hall bathroom.
Upper Level Two
Walk up finished fourth bedroom with potential for an office, guest room or additional living space.
Lower Level
Full unfinished basement with good ceiling height and approximately 754 square feet of value add potential.
Opportunity to create additional family or recreation space, a potential fifth bedroom with proper egress and an additional full bathroom.
Updates and Major Features
Recently replaced roof.
200 amp electrical service.
Central air conditioning.
Original hardwood floors.
Solid Flemish bond brick construction.
Timeless Colonial architecture with established character and multiple living areas.
Renovation Strategy and Value Add Potential
Estimated renovation budget of 125000 to modernize the home while preserving its historic character.
Finish the lower level to increase usable living space and improve overall functionality.
Potential to create approximately 3000 or more square feet of finished living space, subject to verification, permitting and applicable requirements.
Explore reconfiguring the property into a 5 bedroom, 3 bathroom retail product to compete with stronger renovated University Park sales.
Focus on updated kitchen and bathrooms, refinished hardwood floors, modern finishes and a functional lower level layout.
Comparable Sales and ARV Support
4313 Woodberry St
Sold for 875000.
Fully renovated same street property with 4 bedrooms, 4 bathrooms and approximately 2774 finished square feet.
4010 Van Buren St
Sold for 958750 in March 2026.
Features 5 bedrooms, 3 bathrooms and approximately 2964 finished square feet.
4119 Woodberry St
Sold for 940000 in February 2026.
Immediate same street sale supporting the potential renovated retail value.
These comparable sales support the projected ARV of 900000, with stronger sales reaching above that level.
Final resale value will depend on renovation quality, finished square footage, layout and market conditions.
Location and Resale Appeal
Located in historic University Park, known for tree lined streets, classic brick homes and established residential character.
Close to the University of Maryland, parks and recreation, Riverdale Park Station, Whole Foods, shopping and dining.
Convenient access to Metro and MARC transportation and Washington DC.
Recent high value sales within University Park and directly on Woodberry Street provide support for the renovated retail exit.
Investment Numbers
Purchase Price: 560000
Estimated Renovation: 125000
Total Purchase and Renovation: 700000
Estimated ARV: 900000
Potential Gross Spread Before Closing Costs, Holding Costs, Financing and Selling Expenses: 200000
Closing Date: November 30, 2026
Final and Best Offer Deadline: Thursday, October 22, 2026 at 9:00 AM
Offer Requirements and Contact Information
Submit final and best offers through the MarketPro website.
Proof of funds and LLC documentation must be uploaded for offer consideration.
Contact Craig Eberhardt by call or text at 301-812-4504 for additional information.
Buyers are responsible for conducting their own due diligence, property cleanout and all closing costs.
Renovation costs and property values are estimates only and are not guaranteed.
Contract and Marketing Restrictions
Seller of equitable interest only. The property is not owned by the assignor and is being offered through an assignment of contract.
Property information is proprietary to MarketPro South Inc. and its affiliates.
Do not contact the seller or use the provided information without express written consent from MarketPro.
Unauthorized contact may be considered intentional interference with a contract and may result in legal action.
MarketPro does not collaborate with other wholesalers.
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More About This Property
Nearby Deals
Nearby Markets12 cities · 8 counties · 12 ZIP codes
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ARV $900,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $1,004,000.