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Updated over 1 year ago on . Most recent reply

User Stats

45
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3
Votes
Denise Holder
3
Votes |
45
Posts

I want this condemned/chapter 13 house

Denise Holder
Posted

Hello,

Here it is. There's a house at the end of my street that is condemned, the owners were hoarders and have filed for chapter 13.   I want this house. Not only to take control and eliminate the eyesore but to raise all of our property values.  Not only that but to have a rental practically next door!  One problem. I'm between jobs and need an investor.  I do however have time to wholly take on the project. I can clean up and do the smaller jobs myself. I have an incredible contractor willing to do the renovation.  The owners still owe about ~58k and I think the house would be worth around $110k-$125k once renovated. Mine is.  And this one is a bit more charming.  It's also at the end (of the street, no neighbors/more privacy on one side) adjacent to the city pool and a park that's about to be upgraded by the city.  We are actually waterfront to a large creek (small river size).

I'm located in Warren, Pennsylvania.

Comps sold for ($129,900)/($125,000)/($87,000(needed two new bathrooms))/($114,000)/($225,000)/($103,000).  

What do you think?

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