🏠Sub-To Ranch in Norfolk! 🏠

Norfolk, VA, 23502
Sold
Listed at: September 26th, 2024
Price
$230,000
ARV
$335,000
Gross Margin
$105,000
Sq. Footage
1555
Type
Single-Family
Parking
Driveway
Year build
1955
Lot size
0.27 acres
Bedrooms
4
Bathrooms
1
Half Bathrooms
1
Summary

Adorable Ranch in Established Neighborhood

4 Bedrooms, 1.5 bathroom, 1522 Sqft, built in 1955. This single-family home is a prime opportunity for investors looking to add value with a full rehab.

  • ARV: $335k
  • Estimated Repairs: $40k
  • 1.5 bathroom is easily convertible to a 2 bathroom

Comparable Sales:

  1. 3592 N Ingleside Drive, Norfolk - Pending $350k
  2. 3571 Riverside Drive, Norfolk - Pending $309k
  3. 808 Jasmine Avenue, Norfolk - SOLD $315k

SUB-TO Financing Details:

  • Entry Fee - $35,000 (includes seller's fee and assignment fee) 
  • Mortgage information:
  • Estimated Mortgage Amount- $195k 
  • Estimated Mortgage Payment - $1,300/month 
  • 6-Month Sub-to Balloon
  • CMA attached.

Don't miss out on this high-potential property!

📲 Call us at 757-769-5300 for more details!

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

John Michael

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Disposition manager