Sugar Hill Cosmetic Under $200k

Gwinnett County, Sugar Hill, GA, 30518
Sold
Listed at: August 4th, 2023
Price
$199,000
ARV
$340,000
Gross Margin
$141,000
Sq. Footage
1400
Type
Single-Family
Parking
Driveway
Year build
1960
Lot size
0.56 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

Your chance at a Sugar Hill property under $200k. It may be one of the last ones you see in your lifetime. You have the option to skip the line & buy this now for $210,000.

People would pay a premium for a renovated home in this area. All the recent sales in the neighborhood have sold in the low $300,000s in ORIGINAL condition.

A renovated 2/2 that looks like our subject property sold $370,000 in November 2022 - during the worst time to sell. It's the first comp at the bottom of this page.

Limited Appointments. Not sending in more than 3 serious buyers.

Occupancy & Access: Owner occupied. Needs 5 day TOA. Access by appointment

Contact Me: Michael Chung | (770)-226-5512


1) Basic:

Bed/Bath: 4/2

SQFT: ~1400 + Basement

Year Built: 1960

Lot Size: .56 acre

Parking: Carport

HOA: No HOA

Sewer/Septic: Sewer


School Districts:

Elementary (6): Sycamore

Middle (8): Lanier

High (6): Lanier


2) Numbers: 

Asking Price: $199,000

Buy It Now Price: $210,000

ARV: $340,000

Rehab Notes: Do your own due diligence.


3) Comps:

1072 Whitehead Road: https://www.zillow.com/homedetails/1072-Whitehead-Rd-Sugar-Hill-GA-30518/14840067_zpid/

2/2/1027sqft/1966YB

$370,000 | November 2022 - Renovated

5285 Sugar Crest Dr: https://www.zillow.com/homedetails/5285-Sugar-Crest-Dr-Sugar-Hill-GA-30518/14839900_zpid/

.4 mi - 3/2/1372sqft/1989YB

$315,000 | July 2022 - Original condition

1215 Hillcrest Glenn Circle: https://www.zillow.com/homedetails/1215-Hillcrest-Glenn-Cir-Sugar-Hill-GA-30518/14840003_zpid/

3/2/1219sqft/1997YB

$335,000 | July 2022 - Original Condition

1140 Hillcrest Glenn Circle: https://www.zillow.com/homedetails/1140-Hillcrest-Glenn-Cir-Sugar-Hill-GA-30518/14839987_zpid/

3/2/1539sqft/1997YB

$350,000 | November 2022 - Original Condition


TERMS:

Close with our preferred attorney. Buyer pays all closing costs. Deal not final until EMD is received. All Inspections to be done prior to binding contract. Cash/Hard Money only.

DISCLAIMER:

This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. Any attempts to renegotiate or make contact with the owner will result in legal action.

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

Michael Chung

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Disposition manager