286 Sewanee Ave NW

2257 Tiger Flowers Drive NW; Atlanta-UNDER CONTRACT

1917 Joseph E Boone Blvd NW; Atlanta-UNDER CONTRACT

 

 

Today’s Opportunity

286 Sewanee Ave NW; Atlanta 30314 $51,500

ARV (after repair value) $180,000

$180,000 X 65% LTV = $123,000 ($57,500 purchase + $65,500 repairs) Profit $57,000

Lock Box Code: 2468

 

*HOT NW ATLANTA @ 65% LTV

*3 Bedrooms/2 Bathrooms-1,107 sq. ft. (16 X 28 addition)

*OPEN FLOOR PLAN, VAULTED CEILINGS

*Front Porch/BSMT

*Large master suite with en suite bath, hardwoods

*LOCATION!!! Westside BeltLine, Bellwood Quarry, New Vine City and Westside Park and New Vine City YMCA, hottest up and coming renovation area. Property values skyrocket 67% this year. Convenient to everything Atlanta has to offer.

 

Comparable Sales

533 Park Valley Dr Dr-SOLD $199,800, 1/19/18, 3/2, 1098 s/f

479 Park Valley Dr-SOLD $219,800, 4/4/18, 3/2, 1932 s/f

2411 Harvel Dr-SOLD $179,800, 11/16/18, 3/2, 1555 s/f

2012 Joseph E Boone Blvd SOLD $169,800, 11/6/17, 3/2, 1232 s/f

2351 Cross Street SOLD $183,500, 8/31/17, 3/2, 1556 s/f

 

***Renovations in Progress in Close Proximity/Upcoming Listings***

240 West Lake Dr NW; Atlanta 30314-UNDER CONTRACT $199,800

1448 Rome Dr NW; Atlanta 30314-LISTED $219,800

657 S Grand Ave NW; Atlanta 30318-$240,000 658 S Grand Ave NW; Atlanta 30318-$220,000 661 S Grand Ave NW; Atlanta 30318-$240,000 681 S Grand Ave NW; Atlanta 30318-$240,000 401 Illinois Ave NW; Atlanta 30314-$200,000 400 Illinois Ave NW; Atlanta 30314-$180,000 2037 North Ave NW; Atlanta 30318-$180,000 2085 North Ave NW; Atlanta 30318-$180,000 2080 North Ave NW; Atlanta 30318-$180,000 686 Cedar Ave NW; Atlanta 30318-$200,000

1879 Markone Street NW; Atlanta 30318-$180,000 1395 Rome Dr NW; Atlanta 30314-$200,000

1627 Ezra Church Drive NW; Atlanta 30314-$180,000

 

1281 McClure Ave NW; Atlanta 30314-$180,000 2525 Hood Ave NW; Atlanta 30318-$180,000 1822 Madrona St NW; Atlanta 30318-$220,000 652 Emily Place NW; Atlanta 30318-$180,000 230 Stafford Street SW; Atlanta 30314-$180,000 106 Victory Circle NW; Atlanta 30314-$180,000 2558 Baker Road NW; Atlanta 30318-$180,000 2480 Baker Road NW; Atlanta 30318-$180,000 287 Abbey Street NW; Atlanta 30314-$180,000 254 Simon Terrace NW; Atlanta 30318-$180,000 1447 Akridge Street NW; Atlanta-$180,000

260 W. Lake Ave NW; Atlanta 30314-$240,000 444 W. Lake Ave NW; Atlanta 30314-$180,000 686 Center Hill NW; Atlanta 30318-$180,000

2257 Tiger Flowers Dr NW; Atlanta 30314-$180,000 118 Dahlia Ave NW; Atlanta 30318-$210,000

 

Repair Estimate $65,500 Phase 1-$29,000

Site clean up-Complete Demo/Dumpster $2,000 Roof $5,000

Carpentry (vault ceilings, cross beams, open floor plan, misc.) $3,000 16 X 28 master bath/closet addition $7,000

Electrical rough $3,500 Plumbing rough $2,000

HVAC-3 ton system w/ duct work $5,000 Ext. doors $1,000

 

Phase 2-$37,000 Insulation $1,000 Sheetrock $5,000 Paint (int/ext) $5,000

Int. doors, Trim and baseboard $2,000 Electrical Final (Fixtures)-$2,000 Kitchen-$4,000 (new cabinets, faucet,)

Countertop-$2,000 (granite counter top, sink) Tile-$500 back splash

Update 2 bath rooms $8,000 (tile, vanity, faucet, toilet, mirror, plumbing) Flooring-$4,000 Repair, Refinish Hardwoods, carpet

Water Heater $500

Punch-out-$2,000 (2″ blinds, final clean, door hardware) Landscaping-$1,000