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Last Sale Price
$245,000
Current Estimate
$320,000
Lot Size
0.28 acres
Property Description
Beautiful 3 bedroom, 2 bathroom home built in 1985. This 1,650 square foot property offers great potential for renovation and investment. Located in a desirable neighborhood with good access to amenities.
Expert insights powered by artificial intelligence
This property is positioned below the local market average of $285,000. The Jacksonville market is currently appreciating, making this a strong investment opportunity with good upside potential.
Based on the 1985 construction year, expect moderate renovation needs. Budget $41,250 for a standard rehab including flooring, paint, kitchen updates, and bathroom improvements.
With an estimated ARV of $320,000, this property offers good wholesale potential. Target a maximum offer around $224,000 to maintain healthy margins for both you and your end buyer.
Primary risks include potential hidden structural issues given the 39 year age, and market timing. The 1,650 sqft size is favorable for the local market demand.
Emphasize quick closing and cash offer advantages. Point to any needed repairs as negotiation leverage. Consider the seller's motivation - if it's been off-market, they may be more flexible on price and terms.
Recent sales of similar properties in the area
| Property | Sale Price | $/sqft | Beds/Baths | Condition | Distance |
|---|
Estimated property value after renovations
Calculated ARV (from comparables)
$320,000
Average: $194/sqft × 1,650 sqft
Override if you have better market knowledge
Estimate renovation costs for accurate deal analysis
Your maximum offer using the 70% rule for wholesale deals
ARV
$320,000
Repair Costs
$41,250
Max Offer
$182,750
Potential Spread
$96,000
Follow these steps to pursue this deal successfully
Reach out to the owner to gauge interest in selling
Verify condition and confirm repair estimates
Submit offer at or below $182,750
Use purchase agreement with inspection contingency
Begin building your buyer list and marketing the deal
Complete assignment to end buyer and collect fee
Download your analysis and contract templates
Wholesaler Analyzer
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