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Cal Ewing
  • Investor
  • Calgary, AB
32
Votes |
182
Posts

Gorgeous Lake-Front Property on Lake Houston

Cal Ewing
  • Investor
  • Calgary, AB
Posted

Gorgeous Lake-Front Property on Lake Houston 8830 Cross Country Dr, Humble, TX 77346, USA Cash Purchase Price: $334,900 ARV: $585,000 Repair Estimate: $110,000

2 Beds/2 Baths 3 Car Attached Garage 3,201 sqft/8,190sqft Lot Built in 2014 Zone A (100yr/1%) Flood Zone

Absolutely gorgeous 2 bed/2bath lakefront home build in 2014. The home was purposefully built with 2 bedrooms by the seller but a 3rd bedroom and additional bathroom could easily be added and this is reflected in our repair estimate of $110,000. Plans are also available to convert the attic into a large 4th bedroom/loft. The property was listed at $649,999 in 2017 and the listing was terminated due to flooding from Hurricane Harvey - First Time Flood. FEMA has contractors that are currently installing new sub-flooring, insulation and electrical ($20k value) and this work is in progress. New buyer will have the opportunity to inspect the work FEMA has done prior to closing. The property has been fully remediated and is ready to be remodelled.

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