140k SPREAD Clermont Flip

Lake County, Clermont, FL, 34711
Sold
Listed at: September 19th, 2023
Price
$330,000
ARV
$470,000
Gross Margin
$140,000
Sq. Footage
3072
Type
Single-Family
Parking
Attached Garage
Year build
2003
Lot size
acres
Bedrooms
5
Bathrooms
2
Half Bathrooms
1
Summary

Where are my Clermont buyers? Here's a big spread on a big house. Roof only 3 years old. House will need all cosmetics done. Built in 2003 so plumbing and electrical should all be good. Has two AC systems, one is original (2003), the other has a 2016 handler. Only one system working at time of walkthrough. The newer neighborhoods around here are all in the high $500s to mid $600s for a house this size. Having a fully rehabbed house, over 3,000 sf, for under $500k is going to be in demand.

Comps:

-2948 MAGNOLIA BLOSSOM CIRCLE; Pending at $499k; not fully updated but has a pool.

-3257 WHITE BLOSSOM LANE; Sold at $490k; fully updated with a pool.

-3280 MAGNOLIA PETAL COURT; Sold at $460k; 274 sf smaller (about $8k-$10k on an appraisal) partially updated; no pool

-14340 PINE CONE TRAIL; Smaller and sold for $525k; no pool.

-Call 407-890-7789 -Zenn Homebuyers, LLC, or an affiliate, has this property under contract and holds an equitable interest in this property. This advertisement is for the sale of this equitable interest and contract assignment. -Sold As-Is for Cash or Private Lender Only -$10,000 non-refundable deposit is due at the time of contract assignment or signing of contract with Zenn Homebuyers, LLC. -Properties are sold As-Is with NO inspection period; Inspections must be made prior to offer. -Buyer pays all closing costs for both buyer and seller sides of the transaction. -ALL information provided including costs, rehab estimate, rental rate/return projections, ARV, square footage, etc must be independently verified. ALL data is based on opinion and estimates of Zenn Homebuyers, LLC, actual figures may vary. Square footages are taken from public records. -Risk of Loss: Real estate investment is speculative in nature and there is a risk of loss. The recipient of this information should carefully consider whether such investing is suitable for them. -NON-REPRESENTATION: Owners, members, and or employees hold a real estate license in the State of Florida. Any and all information provided is done for strictly informational purposes.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Zach Mitchell

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