$32k Price Reduction! - Flip in St Peters, MO

St. Charles County, St. Peters, MO, 63376
Sold
Listed at: July 6th, 2022
Price
$175,000
ARV
$305,000
Gross Margin
$130,000
Sq. Footage
1296
Type
Single-Family
Parking
Assigned
Year build
1970
Lot size
2460.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Buyer backed out, need a cash buyer that is ready to close asap.


The property looks almost turnkey in the photos but most of the work was DIY by the home owner and will need to be re-done. Our previous buyer stated that it needs to have the flooring, bathrooms, hvac, exterior wood trim all replaced and it needs to have a cracked driveway and fence repaired.


The good news is that the big ticket items like the roof and kitchen (2 yo), windows and siding (6 yo) have all been replaced in the last few years and are in good shape.


We dropped our asking price by $32,000 to cover the remodel costs so you will be ahead if you can do a 1,296 sqft cosmetic remodel for less than that.


There is also a 1,296 partially finish basement that can be renovated as well to double the square footage and push the ARV into the low $400s.


Comps:


34 Julie Ln $ 361,361

39 Kimberly Ln $ 299,800

52 Kimberly Ln $ 301,000

46 Shadow Creek Dr $ 299,303


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

Joe Yeager

No reviews

Disposition manager