Off Market 4/3 2199SF Deal in Very HOT Garden Hills Atlanta!!

[Michael Steimle]

Charming 4/3 off market deal in Garden Hills.  The comps are fantastic for this for a flip and we bought it for that purpose.  However, I have too much inventory and with us being located in Savannah, we are putting this one back out for sale with no margin for us, just to cover closing costs.  If you are an agent with a buyer, add your commission to the list price above.  If this isn't under contract in 60 days we are going to keep it and do as originally planned and flip it per one of the options below.

Some deal numbers:

Purchase Price: $550k

ARV: $778,850 with just updating what is there for about $80K.

ARV: $1.1 to $1.2MM with spending more to put in a shed dormer across the back of the second story and creating a master on the main, etc.

Comps:

542 E Wesley Rd NE, Dist 285 ft, Sold 05/31/17, $735k

2721 N Hills Dr NE, Dist .24mi, Sold 07/20/17, Needs Work $600k

684 Darlington Rd, Dist .42mi, Sold 09/29/17, High End Finishes $860k

2885 N Hills Dr NE 4/2, $765k, 0.32mi

217 E Wesley Rd NE 4/2, $700k, 0.66mi

2774 Atwood Rd NE, 3/3.5, $950k, 0.2mi

549 E Wesley Rd 3/3.5, $775k, 0.1mi

535 Pine Tree Dr NE 3/4, $825k, 0.1mi

521 E Wesley Rd NE, 3/3.5, $798,500, 0.1mi

500 Pine Tree Dr NE 4/4, $780k, 0.2mi

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