Lake Community Flip plus a Free Lot to build on

Stone County, Shell Knob, MO, 65747
Sold
Listed at: February 7th, 2024
Price
$65,000
ARV
$200,000
Gross Margin
$135,000
Sq. Footage
1200
Type
Single-Family
Parking
Driveway
Year build
2020
Lot size
acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Seller wanted to build a retirement home in a lake community; hit with some medical emergency news and forced to sell asap for the upfront cash. As you can see from the pictures, its down to the studs right now, unfinished interior etc. drywall, fixtures, appliances, floors etc to finish it out. A Frame with 16x20 addition; est rehab/finish cost of 35-50k to do it right - close to the water, could be a great AirBnB / Vacation home.

All in for $110 and you could resell for $200k approx

COMPS:

191 Somerset St, Shell Knob MO 65747 - 3/3 - 1587 Sq Ft. ($179 ppsq ft) -> directly across the street

196 Somerset St, Shell Knob MO 65747 - 3/2 - 1400 Sq Ft. ($186 ppsqft) -> adjacent to subject property.

94 Morningside St, Shell Knob MO 65747 - 1/1 - 1127 Sq ft ($179 ppsqft) around the corner; further from water.

Assignment Comes with the adjacent parcel as well which could be a new lot to build on a second structure at cost and resell on market or expand the listing. *bonus build basically

Table Rock view A frame with a full room upstairs with a 1/2 bathroom,two bedrooms on main level with 2 bathrooms,full unfinished basement also, great for storage and storm shelter neighborhood boat launch or marina 2 miles down road + 16x20 addition needs finished.

Seller needs moved asap - contract for assignment.

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

Daniel Burke-Aguero

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