The price just dropped from $90,000 to $75,000 on this heavy value-add opportunity on Flowing Wells Rd, Martinez, GA 30907, with a projected $250,000 ARV. This 1966 brick ranch sits on nearly half an acre in the Windridge subdivision of Columbia County. It's a full fire rebuild, priced for an experienced investor or builder ready to take on the project and resell.
Deal Snapshot
Investor Price: $75,000 (reduced from $90,000)
Projected ARV: $250,000
Estimated Rehab: $100,000–$120,000 (full fire rebuild)
Spread Before Holding & Selling Costs: $50,000–$75,000
3 Bedrooms | 1.5 Bathrooms
1,568 Sq. Ft.
0.42-Acre Lot (18,200 Sq. Ft.)
Built 1966 | Brick, Single Story
Vacant
Walkthrough Video Attached
The location is working in your favor. Around the corner on Old Anderson Rd, a 3/2 sold over asking at $255,000 in October, and a 3/1.5 on Pleasant Home Rd sold at $240,000 in May. Both are more than 300 sq ft smaller than the subject. Buyers are paying retail for finished product in this pocket. One Martinez flip bought at $117K last year resold at $277K this spring. The subject is priced at a fraction of what finished homes are selling for.
Scope of Work
The scope is heavy, so watch the attached walkthrough video before you make an offer.
About half the house is fire-damaged, with the studs and sheetrock in that section burnt out.
The roof framing (rafters, joists, ridge beam and purlins) is burnt, and parts of the roof are open. It needs a full reframe with new roofing and soffits.
There is smoke damage behind the drywall. The sheetrock needs to come down, and smoke-damaged studs must be replaced to pass inspection.
Georgia Power disconnected the service. New electrical must pass inspection before power can be reconnected.
It also needs new plumbing, HVAC, bathrooms and light fixtures, plus yard cleanup.
Permits will be required, and the house will need to be brought up to code.
With the house going down to the studs, it's also your chance to convert the half bath into a full second bath and finish it as a 3/2. The $75,000 price reflects the full scope.
Nearby Market Support
418 Old Anderson Rd — Sold October 9, 2026 | $255,000 | 3bd/2ba, 1,215 Sq. Ft. (sold over list)
4008 Pleasant Home Rd — Sold May 21, 2026 | $240,000 | 3bd/1.5ba, 1,270 Sq. Ft.
4096 Spencer St — Sold February 13, 2026 | $274,000 | 3bd/2ba, 1,536 Sq. Ft.
317 Hackamore Trl — Sold May 18, 2026 | $249,900 | 3bd/2.5ba, 1,632 Sq. Ft. (2 days on market)
348 Candlestick Way — Sold February 11, 2026 | $250,000 | 3bd/2ba, 1,487 Sq. Ft.
522 Sandy St — Under contract at $234,900 | 3bd/2ba, 1,188 Sq. Ft. (same pocket)
This deal also has a strong second exit. Three-bedroom homes in Windridge have listed for rent around $1,300, and updated 3/2s nearby rent for $1,650 per month. At an all-in basis of roughly $175,000–$200,000, a 75% refinance against the $250,000 ARV returns about $187,500, pulling most or all of your capital back out while you keep a cash-flowing asset.
The subject sits in the established Windridge subdivision, served by the Columbia County School District, with Martinez Elementary on the same road. It has quick access to I-20 and is minutes from Doctors Hospital, with Fort Eisenhower and downtown Augusta a short drive away.
The walkthrough video is attached. The showing is Wednesday 11/4 in the afternoon; message to get on the schedule, and bring your contractor to price the work. Access is available upon request.
ARV, repairs, timeline, expenses, and profit are projections. Buyers must complete their own due diligence and verify all property, structural, and comparable-sale information.
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
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ARV $250,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $156,000.