NOT in MLS: HUGE 3100sqft Home (in Good Condition) on Subdividable 2.53 Acre Lot in Oxon Hill, MD for only $279,900! That's $170K+ Below Renovated Comps! (NOT a Short Sale or Foreclosure!)

6901 Livingston Rd. Oxon Hill MD 20745

Sale Price
Sale Price: $279,900
Estimate Repairs: $100,000
After repair value: $450,000
Equity Potential: $70,000
Description of Home
Type: Detached Home
Bedrooms: 4
Bathrooms: 2.5
Levels: 2
Parking: 2 Car Garage
Square Feet Total: 3204+1600
Lot Size(Acres): 2.53
Sale Comps
9106 Claudine Ln - Sold - $450,000
 
4800 Faith Crossing - Sold - $452,990
 
5609 Livingston Rd (lot) - Sold - $30,000
 

Additional Information

HUGE Home + HUGE Lot = HUGE Opportunity! The big and beautiful 4br, 2.5ba, 2 level home sits on a giant 2.53acre lot. Although tax records lists the home at 2582sqft, a recent appraisal has it at 3100sqft. And even that does NOT include the partially built 1600sqft addition over the driveway. It also has a detached, oversized 2 car garage. The huge, open design kitchen has already been updated with new cabinets, stainless steel appliances, and granite counters. It also has a big master suite. The home is in good enough condition to qualify for conventional financing. See pic of how the lot could be subdivided here: http://realityrei.com/images/livingston-subdivision-potential.pdf . Subdivide the lot to sell off 3 of lots at $30K/lot (see comps) and the home still sits on a good sized lot that you can renovate and resell at $450,000. But you can buy this home for only $280,000. That's a $170K+ 'spread' to work with... And that's NOT including the potential $90K more you could get for the selling off the 3 lots!! NOTE: This home is currently occupied, but will be vacant by closing. Please respect the occupant's privacy and email us about arranging a time to see the home. Do NOT knock on the door to see the home or the occupants will take your name and you will be permanently removed from our email list.

Contact Person:

Greg Norman


Scan/Email contract to:

Greg@RealityREI.com

Door Directions

Disclosures

All information, including figures, are provided in good faith, but are not guaranteed to be accurate. Buyers should conduct their own due diligence. We are not agents and this is not a pocket listing. We are under contract with the title holder and considered principals in the transaction. Anyone attempting to contact the title holder will be viewed as intentional interference with a contract and legal action may be brought against you. Additionally, you will be permanently removed from our mailing list and the mailing list of other major wholesalers in the area.