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1018 Andover Dr $224,900

-SOLD-

 

·     A Hardi and Stone Traditional style home on a full unfinished basement which was originally built in 2001. Home has 5 bedrooms and 2.5 bathrooms (tax info is not accurate) and is located in a really nice family neighborhood right across the Gwinnett County line. Total living space of 3366′ plus an additional 1826′ in basement. Home offers a vaulted living room and is open to the kitchen area which is always a nice plus. Also includes a formal dining room, additional office/sitting room, and large master suite on the main. All bedrooms upstairs are very nice size! Sits on a very nice lot with great buffer in the back yard.

 

·     The home needs some work in order to sell back on the retail market. Repair estimate depends upon Investor’s exit strategy with this deal but our recommendation is to complete some upgrades in order to maximize overall returns. Based upon current size of the home we expect the ARV to be $$335k+ depending upon overall rehab quality. Nothing has sold in this neighborhood below $100 per sq ft of space. Home features largest floor plan in the neighborhood. Similar floor plan that was 700′ smaller and no bsmt. recently sold for $290k and was really not updated much! Estimate for a nice rehab is $48k assuming you replace HVAC system that does currently work.

 

·     Tax Value of $241k w/ 2017 taxes of $2,884/yr. Best strategy with this deal is buy, fix and flip. Home is not in bad shape but does need some TLC for sure.

 

 

 


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