NOT in MLS: Two Level Detached Home in NE DC (Burrville/Deanwood) for only $209,900! That's $190K+ Below Renovated Comps! (NOT a Short Sale or Foreclosure!)
5321 Gay St NE Washington DC 20019
| Sale Price | |
| Sale Price: | $209,900 |
| Estimate Repairs: | $110,000 |
| After repair value: | $400,000 |
| Equity Potential: | $80,000 |
| Description of Home | |
| Type: | Detached Home |
| Bedrooms: | 3 |
| Bathrooms: | 1.5 |
| Levels: | 2 |
| Parking: | Street |
| Square Feet Total: | 1296 |
| Lot Size(Acres): | .06 |
| Sale Comps | |
| 5711 Foote Street NE (3br, 2ba, only 1lvl!) - Sold - $401,000 | |
| 5806 Field Place NE (3br, 2ba) - Sold - $399,900 | |
| 5401 Hunt Place NE (3br, 1.5ba) - Sold - $320,000 | |
Additional Information
ONE HOME. TWO OPTIONS. BOTH EQUAL BIG PROFIT!! This 2 level 3br, 1.5ba, detached home is located in the Berryville/Deanwood section of NE DC. There are TWO options for this home: 1. Spend ~$60K upgrading its existing floorplan, keeping it as a 1.5 bath home. Renovated 1.5 homes are selling for $320K+ (see 5401 Hunt Pl NE comp). But you can buy this home for only $209,900, giving you a $110K+ spread! OR 2. Spend ~$120K renovating and reconfiguring the home to turn it into a 2.5 bath home. Renovated homes with 2.5 baths are selling for $400K+, giving you a $190K+ 'spread' to work with. Either option, you win! Hurry and jump on this opportunity before its GONE!
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.