Beautiful Berea Flip - Berea, KY, 40403

Madison County, Berea, KY, 40403
Sold
Listed at: March 7th, 2024
Price
$187,000
ARV
$276,000
Gross Margin
$89,000
Sq. Footage
2378
Type
Single-Family
Parking
Unassigned
Year build
1990
Lot size
1.00 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

Details:

  • 4bd/2ba with 2378 sqft
  • Built in 1990
  • Tenant Occupied
  • Closing on or before 04/19/24
  • Market Rent: 1500/month
  • Current Rent: 800
  • 1 acre lot

ARV is $276,000 based on the following comps:

 

  • 502 Lily Rose Ln. is a 3/2 with 1423 sqft that sold for $235,000 on 1/5/24
  • 128 Johnson Rd is a 3/2 with 1952 sqft that sold for $269,900 on 9/29/23
  • 419 Pepper Dr is a 3/2 with 1392 sqft that sold for $257,000 on 10/17/23

Repairs:

Roof: Dated, could be replaced
HVAC: 2007 – Good working condition
Flooring: Hardwood is good / carpet needs replaced
Kitchen: Outdated, good condition

Bathroom: Needs updating
Windows: Good
Foundation: No known foundation issues
Water Heater: 2007, could be replaced
Other: No internal fireplace, chimney needs attention

 

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