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$340,000 · PALMDALE, CA 93550
Works for flippers

Available

$340,000Asking price

3 bd · 2.5 ba · 1,560 sq ft · built 1991

PALMDALE, CA 93550

No contract on file

via InvestorLift Classic

Listed Nov 2

Works for flippers

The Numbers

Sells for (ARV)From the listing: $557,000
Asking price: −$340,000
RepairsMiddle of the seller’s $18,000 – $36,000. Ours: $18,500 – $38,000: −$27,000
Loan, holding, closing20% down, 12% interest, 2 points, 71 days: −$38,699
Profit27.2% of ARV · flippers want 10%+: $151,301
Works

Works for a flipper up to $429,000.

HOUSE INTO CASH

Anthony Sumbry

No reviews yet

Comps

ARV $557,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $557,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

HOUSE INTO CASH

Anthony Sumbry

No reviews yet

Seller Description

ADDITIONAL INFORMATION, PHOTOS AND DISCLOSURES: https://houseintocash.com/rez2p

ACTUAL BEDROOM COUNT: We are marketing this home as a 3 bed / 2.5 bath, but public record shows 2 bedrooms and 1 bathroom. The small third bedroom (the room next to the 2-car garage) is not believed to be permitted. The 3rd bathroom next to the garage is also not believed to be permitted.

BIDDING AND FEE

• Bidding starts at $340,000

• Buyer pays all closing costs for both buyer and seller

• A $9,500 assignment fee is added on top of the winning bid

• EMD will be equal to 3% of the purchase price

• Bidding closes Monday, November 9 at 5:00 PM PT

THE PROPERTY

This 1,560 sq ft single-family home was built in 1991 and sits on 2.01 acres.

• Fully gated corner lot with two entrances for large vehicles and equipment, one with an electric gate

• Equestrian setup with horse corrals, a workshop, sheds, and chicken coops

• Private well, septic, and propane

• Central HVAC, a swamp cooler, a wood-burning stove, and interior fire sprinklers

• Patio/deck, a brick built-in BBQ pit, and scenic views

• Near the Vincent Grade/Acton Metrolink Station

• Acton-Agua Dulce school district

THE NUMBERS

• Starting bid works out to about $218 per sq ft

• Five nearby sales within 0.9 miles show a median of $327 per sq ft

• Automated valuation comes in at $557,000

Keep in mind the AVM is an estimate, not an appraisal.

CONDITION

The home is vacant and sold as-is. The work needed is mostly cosmetic. Known items:

• Toilet flapper and shut-off valve need replacing

• Hairline crack in one bedroom window

TERMS

• Seller is looking for a 15-day close

• Interior walk-throughs are available by appointment while bidding is open

Click Request Info and I’ll send you all 48 photos, the comps, the seller disclosures, and the link to submit your bid.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.