LET'S MAKE AN OFFER TODAY:) What would you offer to make this deal work for you? It's a short sale ... you can offer well under list price.
Full disclosure - I am the listing agent.
Description: Fantastic, well kept, CLEAN property in Tramonto. Built in 2002, 4 bedroom, 2.5 bathroom, 3 car garage, 3057 sq feet, community pool, on a 6050 sq foot lot. Close to freeway access and all the fun and excitement Carefree and North Phx has to offer. Open and airy with a very private back yard and mountain views. Home boasts NEW Trane AC and air handler, shade screens, new carpet and padding, upgraded cabinets, soaring 20' ceilings, granite counters, fresh paint inside and out, STORAGE areas, AMP panel, security system, downstairs Master suite, upgraded lights and fan package, walk-in closets in the secondary bedrooms, remodeled upstairs bathroom, media wall, custom hand rail, 3 car garage, and more. HOA includes - tennis courts, showers, lockers, heated pool, basketball, volleyball and more.
Need set:
Option 1: Master bedroom floor is painted concrete. Needs carpet. A few of the bedrooms are missing window treatments. May need microwave and range. Roughly $3k in work.
Option 2: All of Option 1 plus updating the two bathrooms. Remove marble surrounds and counter tops. Replace surrounds with modern tile and 1/2" shower glass. Add quartz to kitchen and bathroom counters. Roughly $15k in work.
Current Market Value: $350,000. Already discounted $30k because of the short sale status. What would you offer to make this deal work for you? It's a short sale ... you can offer well under the list price.
Estimated ARV: With Option 1 - $350,000. With Option 2 $373,000.
See below for fun disclaimers, ESTIMATED budget, pics, and comps:
COMPS/CMA:
Link to 35513 N. 30th Lane, Phx, AZ 85086 and comparable properties:
http://bit.ly/2vSxPeS
Pics:
For more pics go to this link:
http://bit.ly/2vSxPeS
Estimated Budget:
Purchase Price | 262500 | ||||||
Front side | |||||||
Hard Mony loan | 210000 | ||||||
Hard money down payment | 52500 | ||||||
Interest hard money | |||||||
10% 6month term - 4 months | 2100 | 8400 | |||||
Closing costs | 1500 | ||||||
Remodel | 18000 | ||||||
Insurance | 700 | ||||||
APS/Water | 700 | ||||||
Total cash invest | 81800 | 81800 | |||||
Total Frontside costs | 291800 | ||||||
Backside | |||||||
Estimated renovated sales price | 373000 | ||||||
Realestate commission | 0.05 | 18650 | |||||
title fees | 1500 | ||||||
total fees | 20150 | 20150 | |||||
total frontside costs | 291800 | ||||||
Total Earnings | 61050 | ||||||
ROI | 0.746333 | ||||||
No comments:
Post a Comment