PLAINFIELD SINGLE FAMILY FIXER UPPER Presented By Darrell Bailey Real Estate

Union County, Plainfield, NJ, 07062
Sold
Listed at: October 24th, 2022
Price
$289,000
ARV
$500,000
Gross Margin
$211,000
Sq. Footage
1492
Type
Single-Family
Parking
Off street
Year build
1931
Lot size
0.11 acres
Bedrooms
5
Bathrooms
2
Half Bathrooms
0
Summary

Large 5 bedroom colonial single family home spread over 3 floors w/ detached garage, off street parking for at least 3+ cars located on a quiet tree-lined one-way street. The covered front porch and spacious garden are great for entertaining. The first floor features a separate living and dining room, full bathroom, kitchen, bedroom, and den/office. The second floor consists of 3 bedrooms with a full bathroom. 3rd floor consists of 2 additional attic rooms. This a great opportunity to maximize the current floor plan to create additional living or income-producing space by finishing the basement and adding a full bathroom. Estimated renovation costs are in the region of $60-100K+/- depending on your scope of work with an after-repair value in the region of 500K+/-. The property will not qualify for a standard FHA loan, Conventional Mortgage. Cash, Private Funding, Renovation Loan, Hard Money, or FHA 203K. Pls, use all precautions when walking through and around the site as well as always be accompanied by a contractor or a licensed real estate professional. The buyer will be responsible for all inspections and must conduct their own due diligence. Signed Buyers Hold Harmless & release regarding covid required before requesting access. Close to all modes of public transportation and an easy commute to New York. 

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

Darrell Bailey

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