Friday, December 5, 2008

Great Deal


Price
$80k

Bedrooms
4 BR


Bathrooms
2.00 BTH


Living Area
1,353 SQ. FT.
Currently this property estimated value is 186k

Great Opportunity for building Net Worth

Currently this home is priced for 50k

The current estimate value is 186k

This property has an estimated equity amount of 136k

This is a 4/1 with 1276 sq ft of living space

The following properties which are within a mile radius were sold in the past 90 days

On 10 /28/08 this 4/2 , 1778 sq ft home sold for 147k est worth was 204k

9/30/08 this 4/2, 1329 sq ft home sold for 260k. Est worth at time of sale was 254.5k

9/30/08 this 3/1, 1945 sq ft home sold for 260k. Est worth of home at time of sale was 277k

9/24/08 this 4/2, 1408 sq ft home sold for 250k. Est worth of home at time of sale was 243k

This week deals



Currently this property is 45k and the estimated value is 183k.


This is a 2/1 with 872 sq ft. of living space


The estimated amount of equity in this property is 138k.


Other properties within 1 mile radius sold recently for the following prices



2/1 sold on 7/28/08 for 200k


2/1 sold on 7/10/08 for 180k


3/2 sold on 10/21/08 for 205,000


3/2 sold on 8/21/08 for 230,000


3/2 sold on 8/4/08 for 265,000


As an investor, you could convert this home into a 3/2 and increase the property value by as much as 30 to 40%


Also as an investor, you may hold on to this property and leverage the equity or perhaps just add an aditional 100k to your net worth.