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Under Construction

Average Price & Sqft

The average price and sqft of other properties in the neighborhood. The subject bar includes the price of the reno and the cost of the sale.

$369k

Price Of Sold

$200k

Price Of Subject

$244k

Active Comps

1629

SQFT Of Sold

1759

SQFT Of Subject

1580

Active Comps

Cost Break Down

$101,070 Predicted Cost Of Project With $297,070 Break Even. We believe we can sell it for at least $350,000

What We Like

The significant gap between the active and sold listings in relation to the subject property's price provides a substantial margin to accommodate unforeseen circumstances. This instills confidence in our ability to generate a profit and meet our obligations to our esteemed partners. Additionally, the list price of the closest comparable is $389k. This will benefit our planned pricing strategy by creating an obvious choice between 2 options.

The property's size is larger than the prevailing homes in the area, which is advantageous for several reasons. Firstly, the larger property size means it can sell for higher than surrounding comparables. This bolsters the security of our partners' investment and makes a worst-case scenario sale less likely. 

After conducting a thorough analysis of comparable properties, we have identified an opportunity to increase the value of our property through strategic renovations. Specifically, we are planning an addition of a garage, which we anticipate will expand our potential buyer pool and potentially increase the property's overall value by an estimated $20,000, give or take. Additionally, we plan to enhance the property's interior design by reconfiguring the kitchen layout and expanding the master bedroom to create a luxurious walk-in closet with a modern bathroom. Our ultimate aim is to create an ambiance that exudes luxury beach living while being mindful of cost efficiency.

 

In summary, this opportunity offers a substantial profit margin due to a significant gap between active and sold listings, instilling confidence in the investment's profitability. Furthermore, the property's larger size and planned renovations, including a garage addition and enhanced interior design, increase its potential value and make it a secure and appealing investment option.

Book A Call Now to take advantage of this opportunity

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