Only $8K for this Jacksonville House! – FL 32209 Pending

  • $8000
  • 5 beds
  • 1.5 baths
  • 1,388 sqft

PLEASE READ CAREFULLY

Subject-to mortgage info –

This house is subject to a mortgage with a balance of $108,300
The mortgage interest rate is 2.38%
The monthly payment is currently $731 (interest & principal)
This payment may drop to $530 after refinance in January.

The buyer for this deal will assume the mortgage,
The buyers will assume this mortgage for 4 years,
and in the end, will pay the remaining mortgage balance.

The buyer will pay $8,000 for this deal,
and will get the deed on closing.

House info

The house is located in a hot-investor Jacksonville area,
Next to parks, the hospital, and commercial centers.
Only a 10-minute drive from DownTown Jacksonville!

The house has 5 bedrooms and 1.5 baths.
It has plenty of room and sits on 0.25 acres of land.
The house needs full rehab for a flip or for rent.

Hurry Up and be the one to lock this up!

Comps

3 homes in the 0.8 range sold for an average price of $172K and average price-per-sqft of $123.

The first comp is a renovated house. The kitchen & bathrooms are nicely done, and the floor is standard. It has a detached workshop. With 4 bedrooms and 4 baths. Sold for $189K. The second comp is a renovated home. It has an updated kitchen & baths. The floor is a mix of wood & carpet. Nothing really fancy but it has a nice touch with the staging. Only 3 bedrooms 2 bathrooms. Sold for $172,000.  The third comp is a 3 bedroom 1 bathroom house. It has no interior photos. Sold off-market, for $155K in cash.

All comps are similar in size. The third comp is smaller. All comps were built in 1960 or older. All comps are inferior to the subject in land size. The subject is superior in bedroom count to all comps. It has 5 bedrooms against 4 & 3 of the comps. The first 2 comps are in retail condition and similar in size, the third comp sold off-market and it’s smaller.

Considering the similarity to the first two comps, and the superior bedroom count, we estimate an ARV of $170,000.

Price:
$8000
Address:
W 15th St
Jacksonville, FL 32209
Square Feet:
1,388
Lot Size:
10,387
Bedrooms:
5
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1942
Basement:
FULL
MLS #:
$170,000

Call (407) 678-0062 for more details

Property Location