Super Deal on Salter - Berea, KY, 40403

Madison County, Berea, KY, 40403
Sold
Listed at: February 1st, 2024
Price
$114,500
ARV
$225,000
Gross Margin
$110,500
Sq. Footage
2214
Type
Single-Family
Parking
Unassigned
Year build
1980
Lot size
0 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Details:

  • 3bd/2ba with 2214 sqft
  • Built in 1980
  • Tenant Occupied
  • Closing on or before 03/18/24
  • Market Rent: 1100/month
  • Current Rent: 700
  • Full basement with additional 2 bedrooms

ARV is $225,000 based on the following comps:

  • 2019 Partridge Rd is a 3/2 with 1550 sqft that sold for $275,000 on 12-5-23
  • 223 Menelaus Rd is a 3/2 with 1744 sqft that sold for $265,000 on 10-2-23
  • 501 Southfork Dr is a 3/2 with 1350 sqft that sold for $242,400 on 5-12-23

Repairs:

Roof: Unsure, buyer due diligence

HVAC: Operational, could update

Flooring: Needs updated

Kitchen: Needs complete update

Bathroom: Needs updating

Windows: no known issues

Foundation: Some cracking noticed, buyer due diligence

Other: Deck needs work or replaced


These deals move fast. If you would like to lock the property up, our client accepts sight-unseen, no-contingency cash offers.

$2,500 non-refundable deposit required for all buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Andy Klunder

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Disposition manager