Houston Foreclosure Deal - Massive QUICK flip potential

Harris County, Houston, TX, 77042 view full address
For Sale
Listed at: January 9th, 2025
Price
$445,000
ARV
$700,000
Gross Margin
$255,000
Sq. Footage
2499
Type
Single-Family
Parking
Garage
Year build
1972
Lot size
0.23 acres
Bedrooms
4
Bathrooms
3
Half Bathrooms
1
If someone buys for this price, no more offers will be accepted
Summary

🏠 Houston TX QUICK FLIP!
Foreclosure Forces Reduced Sale Fast!!

💲 OFF MARKET PRICE: $445,000 

⭐ARV/Retail Value = $700k - 720k 

📰 RENOVATION COMPLETION COST = 25K

Comparable Home Sales / Retail Value In Same Area:

602 Walnut Bend Ln Houston 77042  sold 718k  
10614 HOLLY SPRINGS DR HOUSTON 77042  sold at 728k 
10719 Lynbrook Dr Houston 77042  sold at 748k 
10607 Deerwood Rd Houston 77042  sold at 743k 


CONDITION & WORK NEEDED: 
Condition:  Flip is 80% or more complete, needs new windows and a crack in the garage foundation repaired. Foreclosure is forcing a sale fast below market value

Submit your highest and best 
For information:   call or text 623-229-6571 


WARNING & NOTICE:  DO NOT MARKET OR PROMOTE THIS PROPERTY OR LISTING ON ANY THIRD-PARTY WEBSITES OR SOCIAL MEDIA WITHOUT PRIOR WRITTEN CONSENT FROM BRIGHT HOMES MANAGEMENT TEAM. 

Properties may be occupied - DO NOT DISTURB TENANTS / OCCUPANTS Any showings must be scheduled and approved by an authorized representative at least 72 hours in advance. Upon acceptance of a winning bid, the buyer will receive a purchase & sale contract which must be completed along with $5k EMD received within 24 hours of winning bid acceptance. This property is secured with a binding purchase and sale contract as well as a memorandum recorded with the county and attached to the subject property securing seller/contract holder(s) financial or equitable interest. Any attempt to circumvent the contract holder will result in immediate legal action and recovery of financial damages including all legal fees required for such recovery. Information shared is confidential and privileged and shall not be re-shared or marketed without the explicit written consent of the contract holder. By submitting an inquiry, property address request, or making an offer you accept the terms and restrictions set forth in this statement.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Stephen Backholm

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Disposition manager