ARV is GOLD! 🔥🔥 Cosmetic Only Flip in Spring - 3 Bed, 2 Bath with a Pool! 🌲🏊🏻‍♂️

Harris County, Spring, TX, 77373
Sold
Listed at: June 10th, 2024
Price
$194,950
ARV
$270,000
Gross Margin
$75,050
Sq. Footage
1625
Type
Single-Family
Parking
Attached Garage
Year build
1998
Lot size
7536.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Deal Summary: This deal works as a Flip, Buy & Hold as well as for an Owner Finance Deal (Dueño a Dueño)

Comps: (Zestimate is $265,000) (Zestimate Link)

  1. 23115 Banquo Dr, Spring, TX 77373 
    • (Sold for $240,000)
    • (Price/SF $186.92)
    • (0.9 Miles Drive from the Property)
    • Sold 19 DOM
    • 1,284 SF - 3 Bed - 2 Bath
  2. 23118 Sandpiper Trl, Spring, TX 77373
    • (Sold for $235,000)
    • (Price/SF $161.51)
    • (160 FT Drive from the Property)
    • Sold 12 DOM
    • 1,455 SF - 3 Bed - 2 Bath
  3. 4122 Reynaldo Dr, Spring, TX 77373
    • (Sold for $220,000)
    • (Price/SF $174.60) 
    • (0.3 Miles Drive from the Property)
    • Sold 6 DOM
    • 1,260 SF - 3 Bed - 2 Bath

Average Price/SF = $174.34

SF of Current Property for Sale = 1,625

ARV = $283,000 ($270,000 - $279,000 Estimated Resale Price)

________________________________________________

Deal Details: 

Now Only: $194,950

ARV: $270,000

Rent Rate: $2,100
________________________________________________

Property Details:

🛏️ 3 Bedrooms
🛁 2 Bath
🏠 House Size: 1,625 SF
🌳 Lot Size: 7,536 SF
🏗️ Year Built: 1998
Subdivision: Sandpiper Village
________________________________________________

Disclaimer:

The properties listed are being offered only for cash purchases or through private/hard money lenders. There is no option for conventional or FHA financing unless it's specifically mentioned for a particular property. The sale being offered is not a direct property sale; instead, it's an assignment of our purchase agreement with the property's original seller. In these transactions, I am acting as the assignor of the contract, not as a real estate agent. Before making an offer or signing any contract, it's essential for potential buyers to conduct their own thorough research and assessment of the property.

All properties are sold on an as-is, where-is basis, and all inspections must be concluded before the contract's execution by the buyer. Any offer placed on the properties necessitates a non-refundable earnest money deposit of at least $5,000. The closing of these deals involves assigning our contract with the seller to the end buyer, with the buyer shouldering all closing costs.

No representations, either written or oral, are made concerning the properties. Any estimates given regarding rehab costs, rent, ARV, taxes, insurance, and closing costs are approximations, and the actual costs or values may differ. I am not a licensed contractor or appraiser, and these estimates are not to be interpreted as professional appraisals.

Please note that I may not currently hold the title to these properties. If I don't hold the title, I am advertising the sale of my equitable interest in the property, which is represented by an executed purchase agreement to purchase the property. This disclaimer is provided by OfferWize and/or the associated members or employees, who do not represent any party other than OfferWize in these transactions. Some members or employees of OfferWize may be licensed real estate agents in the state of Texas.

These transactions comply with equal opportunity housing principles. Due to the nature of our business, termination options or option periods cannot be accepted. Buyers are advised to inspect the properties before making any decisions and are responsible for all closing costs, including those for the seller.

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

Justin Reed

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Disposition manager