NOT in MLS: 2 Level Detached Home in Annandale VA (in Good Condition) for only $449,900! That's $235K+ Below Renovated Comps! (NOT a Short Sale or Foreclosure!)
7220 Murray Ln Annandale VA 22003
| Sale Price | |
| Sale Price: | $449,900 |
| Estimate Repairs: | $150,000 |
| After repair value: | $685,000 |
| Equity Potential: | $85,000 |
| Description of Home | |
| Type: | Detached Home |
| Bedrooms: | 3 |
| Bathrooms: | 2 |
| Levels: | 2 |
| Parking: | 1 Car Garage |
| Square Feet Total: | 916+916+~420sqft roof covered porch |
| Lot Size(Acres): | ~.3acres |
| Sale Comps | |
| 7403 Valleycrest Blvd (extended) - Sold - $689,000 | |
| 3543 Ewell St (no garage) - Under Contract - $549,000 | |
| 7225 Joel Dr - Sold - $518,000 (no garage) | |
Additional Information
RARE FIND!! This 3/4br, 2ba, 2 level detached home has a ~420sqft porch above an oversized 1 car garage that can easily be turned into living space. This brick home sits on a beautiful, level ~.3acre lot with a trellis. This home is a HUGE OPPORTUNITY for 'owner occupant' type of buyer for BIG SWEAT EQUITY b/c this is the lowest priced home of this size in this area! The place is in good enough condition to qualify for conventional financing! Also, its a great opportunity for the rehab investor looking to PROFIT BIG TIME in two ways: 1. Clean it up and resell with existing footprint. Similar sized homes in the area are selling for $550K+, but you can purchase this home for only $449,900. That's a $100K+ spread!! OR 2. You can finish the porch area and/or expand the back of the home to resell for top dollar. Bigger renovated homes are selling for $685K+ (see comps on page). Hurry, an opportunity like this doesn't come around often, so act NOW! NOTE: The home had a failed sump pump that has caused mold in a small section of the basement.
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.