🏠💰1 Acre Home in Montgomery Tx | 🤑Big Spread 💸

Montgomery County, Montgomery, TX, 77356
Sold
Listed at: July 15th, 2024
Price
$62,000
ARV
$270,000
Gross Margin
$208,000
Sq. Footage
1240
Type
Single-Family
Parking
Detached Garage
Year build
1989
Lot size
43560.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Address: 14368 Forest Cir, Montgomery, Tx, 77356

Single Family Home - 3 beds, 2 baths

Property is Vacant. Contact the Dispo Manager for access. 

Deal Takeaways:

  • Vacant SFH
  • Needs rehab
  • Near lake Conroe!
  • 2 side by side lots that total 1 acre, vacant on a lockbox. 

Comps:

  • 1 acre lot sold for 109k at 19675 Village Forest Dr (land value)
  • 14193 Forest Blvd - sold for 274k (best comp)

Financials:

ARV: $270,000

Purchase Price: $62,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $270,000

(*) 94% for sale commissions

(-) $62,000 purchase price

(-) $90,000 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $96,800 profit

Property Details:

1,240 Home Square Feet

1 Acre lot size 

Closing on July 25th, 2024

Padua Partners Acquisitions assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $5,000 Non-Refundable EMD needed to secure the contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Samuel Wooten

No reviews

Disposition manager