I was contacted by an agent and asked to bring cash offers for a client of hers. Due to unfavorable circumstances, showings would be difficult and they would prefer not to list the house on the MLS or have an abundance of people stop by. I am trying to come up with an offer but I need to figure some rough repair costs and ARV first.
Some basic info on the property:
I had trouble posting pics to BP so I just threw a craigslist link up. You can view a few photos here.
It is located near 88th and Wadsworth in the Kings Mill neighborhood
2 story/ 5 Bedroom/ 3 Bath
Master suite "loft" 500 square feet
main floor/ 900
some good things:
Roof is five years old
new windows on the top floor
new water heater
no signs of foundation settling
home is overall maintained and well kept "just very dated"
The expensive things:
paint trim outside of house
HVAC is working but is super old
Needs painting throughout, with a room or two of wallpaper removal
needs wood floors installed on main level
carpet in upstairs and basement
new appliances/fixtures/countertops in kitchen
complete remodel all 3 bathrooms
entire basement is wood paneling
drop ceilings in basement "possible other option?"
Yard could use some tree and bush clearing as well as removal of a wooden fence.
If anyone is familiar with the area I would appreciate any input you might have regarding ARV or your experience with some of the repair items listed
If you have MLS access, what do the comps show you? Figure $25-$35 a square foot for rennovations. If you pass on this deal, I'd take a look at it. I'm in the area.
@Matt M. PM me, I would like to go over the details.
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