Over $170,000 in Gross Profit – New Deal: Just In!
Key Points:
- VERY Low Days on Market
- Corner Lot
- Highly Sought-After 3-Car Garage
- Gorgeous Pool – Just in Time for Summer
- Granite Countertops
- New Wood Flooring (partial)
- Great Floorplan w/ Exposed Beam in Living Room
2717 Georgia Ave, Deer Park, TX 77536
3 Bed | 2 Baths | 3-Car Garage (Detached)
2,164 Sqft.
Lot: 10,857 Sqft.
Built: 1976
Access: Vacant on Lockbox
Estimated After-Renovation Value (ARV): $400,000+
Comps at a Glance:
1) 2205 Erin Glen Ct (Distance: 0.5 mi) sold after only 3 days on market for $575,000 ($227.64/SF), is moderately larger than the subject w/ a slightly larger lot, has a pool like the subject, has a 3-car garage like the subject, is not on a corner lot (while the subject is) and while not newly renovated, it appears to have been updated in the last 10-15 years. This comparable, without adjustments, suggests an ARV for the subject of $492,600.
2) 2318 Killarney Ln (Distance: 0.4 mi) sold, over asking, after only 6 days on market for $495,000 ($198.47/SF), is moderately larger than the subject w/ a slightly larger lot, has a pool like the subject, has a 2-car garage (compared to the subject’s 3-car garage), is not on a corner lot (while the subject is) and is newly renovated. This comparable, without adjustments, suggests an ARV for the subject of $429,500.
3) 2302 Kilkenny Ln (Distance: 0.5 mi) sold after only 2 days on market for $480,000 ($180.25/SF), is moderately larger than the subject w/ a moderately larger lot, does NOT have a pool while the subject does, is not newly updated but looks to have been updated in the past 15-20 years. It has a 3-car garage like the subject but is not on a corner lot (while the subject is). This comparable, without adjustments, suggests an ARV for the subject of approximately $390,000.
Estimated Renovation Costs: $35k to $50K
Deposit: $7,500
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PROPERTY IS BEING SOLD AS-IS, WHERE IS, AND BUYER IS TO PAY ALL CLOSING COSTS. NO REPRESENTATIONS WRITTEN OR ORAL ARE MADE CONCERNING THE PROPERTIES ABOVE. PRICE BASED ON AND REQUIRES A CASH OR PRIVATE/ HARD MONEY OFFER AND IS NET TO SELLER. NO CONVENTIONAL OR FHA FINANCING IS ACCEPTED UNLESS OTHERWISE INDICATED. ALL OFFERS ON PROPERTIES REQUIRE A $7,500 OR HIGHER, NON-REFUNDABLE EARNEST DEPOSIT AND HAVE AN AVERAGE 7 DAY CLOSE OF ESCROW. BUYERS TO DO THEIR OWN INDEPENDENT DUE DILIGENCE. INTEGRITY PRIME, LLC, WHOLESALE PROPERTIES HOUSTON AND/ OR THE ASSOCIATED MEMBERS OR EMPLOYEES MAKE NO GUARANTEES CONCERNING PROPERTY CONDITION, VALUE, CHARACTERISTICS OR FINANCIAL BENEFITS. NOT AN APPRAISAL. OFFERED BY DOUBLE-CLOSE OR ASSIGNMENT OF CONTRACT. BUYER MUST COMPLETE ALL DUE DILIGENCE BEFORE SUBMITTING AN OFFER AND EXECUTING ANY CONTRACT. DUE TO THE NATURE OF OUR BUSINESS TERMINATION OPTIONS / OPTION PERIODS CANNOT BE ACCEPTED. WE MAY NOT HAVE TITLE TO THE PROPERTY AND MAY PLAN TO HAVE TITLE AT A FUTURE DATE. IF WE DO NOT HAVE TITLE, WE ARE MARKETING OUR EQUITABLE INTEREST IN THE PROPERTY. THE EQUITABLE INTEREST IS AN EXECUTED PURCHASE AGREEMENT TO PURCHASE THE PROPERTY. INTEGRITY PRIME, LLC, WHOLESALE PROPERTIES HOUSTON AND/ OR THE ASSOCIATED MEMBERS OR EMPLOYEES DO NOT REPRESENT YOU OR ANY OTHER PARTY OTHER THAN INTEGRITY PRIME, LLC OR WHOLESALE PROPERTIES HOUSTON IN THIS TRANSACTION. EQUAL OPPORTUNITY HOUSING. ONE OR MORE MEMBERS OR EMPLOYEES OF INTEGRITY PRIME, LLC AND/ OR WHOLESALE PROPERTIES HOUSTON ARE LICENSED REAL ESTATE AGENTS IN THE STATE OF TEXAS.