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First Come, First Serve Off-Market Opportunity in Houston, nested in Oak Forest Sec 16!

Harris County, Houston, TX, 77092
Sold
Listed at: March 7th, 2024
Price
$199,000
ARV
$425,000
Gross Margin
$226,000
7 pictures, show all
Sq. Footage
1174
Type
Single-Family
Parking
Attached Garage
Year build
1954
Lot size
0.17 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

This Incredibly rare find is located in one of Houston's hottest pockets. Priced well under market value, this 1,174 SQFT house has an attached garage that could convert for 276 SQFT of additional living space. 

Hoarder house special - leave your nice clothes at home when walking this awesome opportunity. This will be a big rehab that will require higher-end updates but with almost 200K between Asking/ARV price, this is a huge money maker for a savvy flipper who wants to buy a brick build close to lot value. 

New builds, on smaller lots, in Oak Forest Sec 16 have closed for well over 800K. The 7,510 SQFT lot is huge for a new build exit.

FIRST COME FIRST SERVE, Reach out ASAP for access!

COMPS:

-5109 Viking Drive, Oak Forest Sec 16 BR: 4 FB: 2 HB: 0 # Gar: 0 Bld SqFt: 1,560 Yr Blt: 1957 Cls Date: 04/14/2023 Sold Price: 499,950 

-4406 Lido Lane, Oak Forest Sec 15 BR: 4 FB: 2 HB: 0 # Gar: 0 Bld SqFt: 1,490 Yr Blt: 1954 Cls Date: 02/13/2024 Sold Price: 469,000 

-5210 Viking Drive, Oak Forest Sec 16 BR: 3 FB: 2 HB: 0 # Gar: 2 Bld SqFt: 1,573 Yr Blt: 1958 Cls Date: 09/25/2023 Sold Price: 450,000 

-5230 Libbey Lane, Oak Forest BR: 3 FB: 1 HB: 1 # Gar: 1 Bld SqFt: 1,492 Yr Blt: 1955 Cls Date: 06/30/2023 Sold Price: 439,000 

-5105 Verdome Lane, Oak Forest Sec 16 BR: 4 FB: 2 HB: 0 # Gar: 0 Bld SqFt: 1,574 Yr Blt: 1956 Cls Date: 09/29/2023 Sold Price: 437,000 

-5514 De Milo Drive, Forest Pines Sec BR: 3 FB: 2 HB: 0 # Gar: 2 Bld SqFt: 1,401 Yr Blt: 1960 Cls Date: 02/02/2024 Sold Price: 437,500 

-4322 Lido Lane, Oak Forest Sec 15 BR: 3 FB: 2 HB: 0 # Gar: 0 Bld SqFt: 1,479 Yr Blt: 1954 Cls Date: 07/07/2023 Sold Price: 415,150

-4713 De Milo Drive, Oak Forest Sec 15 BR: 3 FB: 2 HB: 0 # Gar: 2 Bld SqFt: 1,352 Yr Blt: 1955 Cls Date: 08/15/2023 Sold Price: 410,000 

Notices and Disclosures 1. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates or information provided are for real estate investors’ convenience, who must verify all estimated numbers independently. ANY information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, as-is property square footage measurements or as implied by property expansion through construction) is an unverified assumption of the broker or its affiliates based on limited information and should be verified independently for accuracy. Broker and its affiliates assume no liability, either expressed or implied, for the accuracy of any estimates or information provided. 2. DO NOT ENTER PROPERTY WITHOUT BROKER OR AGENT: Broker and its affiliates do not give authority, either expressed or implied, to the recipient of this information to enter this property. A property inspection may be obtained by scheduling an inspection with an authorized broker or agent. 3. NON-REPRESENTATION: Broker and its affiliates do NOT represent the recipient of this information. 4. RISK OF LOSS: Real estate investment is speculative in nature and risk of loss can be substantial. The recipient of this information should carefully consider whether such investing is suitable for them.
Street View
Location
current deal
comparables
#2
 available
$123k
 sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Amanda. G

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