Need an idea on property value - Distressed seller
Hey everybody, my grandfathers home has a reverse mortgage on it and I'm wondering if the value is enough to sell either to a wholesaler (ideally for fix/flip) or to anybody else. There's a lot of deferred maintenance and it's a really old neighborhood.
It's just south of Reid Park Zoo on 29th. It's about 1250sqft 3 bed/1 bath with in inlaw suite out back. Probably another 250sqft.
I don't work that far south, so I'm no expert. I believe it's worth maybe $130k on a GREAT day. This is either being sold or being left to the bank very soon, so quick responses are great.