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This is a 3 bedroom, 2 bath house in 1451 sf. This property is a micro-flip – well actually a no flip opportunity. A reno was begun but not finished. Zestimate $108,900. Other solds in Laurel (of HGTV “Hometown” fame) are a 2 bed, 2 bath in 1074 sf for $139,000 and a 3 bed 2 bath in 2494 sf for $249,00 or $100/sf. Using $100/sf it would make an ARV for the property approximately $145,000. We recommend listing on the MLS as a fixer upper for $50,000.00 which would net approximately $45,000 or a 50% return on your investment.
When you check out, you will pay $3100 which covers the earnest money deposit of $3000 plus $100 merchant service fees. Completing the purchase will remove the property from the site and reserve it for you. Someone from our team will contact you with a digital purchase and sale agreement and discuss with you the final payment for the property. Unless you request otherwise, your purchase will be of the LLC which will hold title to this and only this property. This speeds transfer and lowers your closing costs. California residents are advised to consider alternate arrangements due to the cost of holding “foreign” LLCs.
If the property is still showing on this page and doesn’t have a “sold” banner on it, it is still available. There is no need to ask. Just buy it and it will be marked “sold.”