ARAGON, GA 30104

Asking Price: $89,000

Estimated ARV: $190,000 - $210,000 (after full renovation)

Estimated Repairs: $55,000 - $70,000 (full interior and systems update)

Property Overview This 3 bed / 1 bath ranch in Aragon offers 1,636 sq ft and includes a bonus: the adjacent lot is part of the sale. The home sits on 0.48 acres, and the second lot, which has a horse barn, brings the total to a full acre across two parcels. The house needs a full update, so the play is to renovate the home and then use or develop the second lot.

At $89,000, the buyer gets a ranch plus an extra lot for less than a lot of vacant land sells for.

Deal Details

• Bedrooms / Bathrooms: 3 BR / 1 BA
• Living Area: 1,636 sq ft ranch
• Lot Size: 0.48 acres (house) + adjacent lot = 1 full acre total
• Extra Lot: Horse barn on property
• Condition: Full update/renovation needed
• Probate: Buyer must be willing to wait for probate to complete
• Strategy: Renovate the house, then develop or use the extra lot, all at a low basis

Numbers Snapshot

• Purchase Price: $89,000
• Estimated Repairs: $55,000 - $70,000
• All-In Cost: $144,000 - $159,000
• Estimated ARV: $190,000 - $210,000
• Estimated Gross Spread: $31,000 - $66,000, before closing and holding costs and with the extra lot's value as upside

Ideal For

• Fix and flip investors wanting a low basis with a bonus lot
• Developers or builders looking at the extra lot for a second home
• Buy-and-hold investors who can be patient through probate
• Buyers wanting land, a barn, and a house in one deal

Important Note: This is a probate sale. The buyer must be willing to wait for the probate process to be completed before closing.

Contact John for more details or to make an offer: (678) 498-5675