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Heath Kornegay
  • Fort Worth, TX
2
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5
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Quick Flip in Arlington

Heath Kornegay
  • Fort Worth, TX
Posted Feb 11 2016, 04:40

Pros:

  • Large open floor plan
  • Cosmetic rehab - quick flip
  • Rehab has already been started

Potential Concerns:

  • Larger than comparable properties
  • Only one true updated sold comparable

Pictures of Subject Property: https://www.dropbox.com/sc/78vbm9pfamwqqk9/AACBDZXwaiyS_ZCjqKy7L_Uba

Sold Comps:

  • Subject Property: 2,176 SqFt | 4 Bedrooms | 3 Bathrooms | 2 Car Garage | .1894 Acre Lot | No Pool | ARV $175,000 | $80.42/SqFt
  • 806 Del Mar Ln: 1,616 SqFt | 3 Bedrooms | 2 Bathrooms | 2 Car Garage | .2 Acre Lot | Pool | Sold $149,900 | $92.76/SqFt | 2 Days On Market | Updated kitchen
  • 1907 Dogwood Dr: 1,774 SqFt | 4 Bedrooms | 2 Bathrooms | No Garage | .198 Acre Lot | No Pool | Sold $138,000 | $77.79/SqFt | 3 Days On Market | Well maintained
  • 1704 Manchester Dr: 1,838 SqFt | 3 Bedrooms | 2 Bathrooms | No Garage | .217 Acre Lot | No Pool | Sold $142,000 | $77.26/SqFt | 10 Days On Market | Very well maintained with stainless steel appliances
  • 1630 Pecan Park Dr: 1,948 SqFt | 4 Bedrooms | 2.1 Bathrooms | 2 Car Garage | .281 Acre Lot | No Pool | Sold $170,000 | $87.27/SqFt | Fully updated with standard grade finish out. This is our most comparable property. The reason why this house was on the market for so long is due to a combination of two things: 1. The seller initially listed the house at $179,900. 2. Foundation repair was needed while the house was listed on MLS.
Offering

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