Property: Light rehab and upgrades needed. There’s a lot of trash present, but the underlying condition is generally good.
Estimated Rehab Cost: $35,000
Recent Upgrades: New roof installed in 2023
Flooring:Living Area: Laminate in acceptable condition
Kitchen: Tile in acceptable condition
Bedrooms: Carpet needs replacement
Exterior: In good condition
Bathrooms: Acceptable condition
Layout: 4 bedrooms, 2 bathrooms
Size: 2,068 Sq. Ft. the largest home on the block
Asking Price: $265,000 ($128/Sq. Ft.)
After Repair Value (ARV): $399,000 ($193/Sq. Ft.)
Comparable Sales:
21251 Midway Blvd, 2 bd 1 ba, 812 Sqft, Fully updated, sold on 08/19/2024 for $221,900 at $276.97/Sq. Ft.
21211 Midway Blvd, 2 bd 2 ba, 949 Sqft- Fully updated, sold on 10/24/2024 for $239,400 at $252.26/Sq. Ft.
21282 Meehan Ave, 3 bd 2 ba, 1106 Sqft - Fully updated, sold on 09/23/2024 for $250,000 at $225.14/Sq. Ft.
adjustutment of average Per sqft for rehabed comp (-$57)
21335 Midway Blvd, 2 bd 2 ba, 1038 Sqft - Outdated, sold on 10/11/2024 for $165,000 at $192.58/Sq. Ft.
21298 Midway Blvd, 2 bd 2 ba, 1228 Sqft - Outdated, next door, sold on 05/24/2024 for $210,000 at $171/Sq. Ft.