Lexington Meadow Park Flip - Lexington, KY, 40505

Fayette County, Lexington, KY, 40505
Sold
Listed at: May 20th, 2024
Price
$122,500
ARV
$205,000
Gross Margin
$82,500
Sq. Footage
1504
Type
Single-Family
Parking
Unassigned
Year build
1925
Lot size
0.22 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Details:

  • 2bd/1ba with 1504 sqft
  • Built in 1925
  • Owner Occupied
  • Closing on or before 06/17/24
  • Market Rent: $1,500.00
  • Current Rent: N/A

 

ARV is $205,000 based on the following comps:

 

  • 446 Emerson Dr in Lexington, KY 40505 is a Renovated 1203 SqFt 3 Bed / 1 Bath that sold for $194,000 on 11/20/2023 ($161.00 per SqFt)
  • 1109 McClain Drive in Lexington, KY, 40505 is a Renovated 1294 SqFt, 3 Bed / 1 Bath that sold for $228000 on 7/24/2023 ($176.2 per SqFt)
  • 126 Withers Ave in Lexington, 40505 is an AS-IS, Not Renovated 1512 SqFt 2 Bed / 1 Bath that sold for $155,800 on 9/20/23 ($103.00 per SqFt)

 

Repairs:

 Roof: Aged, should update

HVAC: Needs updated

Flooring: Ok, some updating needed

Kitchen: Needs updating

Bathroom: Needs updating

Windows: No known issues

Foundation: No known issues

Other: NA

 

 

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