AMAZING OPPORTUNITY in Centerville’s Center Ridge – Easy Sweat Equity for Owner-Occupants This is a unique listing coming up that is a perfect match for your first-time entry level homebuyer who is willing to earn a little DIY sweat equity. This is a "diamond in the rough" for a buyer who isn't afraid of some work to get into a popular, well-located neighborhood. THE MATH The price is $425,000. The ARV (After Repair Value) is solid at $485,000+. With an estimated $20,000+/- in cosmetic repairs—mainly carpet, paint, appliances, and minor repair — a buyer would be all-in for $445,000. That leaves them with $40,000 in equity immediately upon completion. No competition and a great entry-level price of $425K with low HOA. New roof and HVAC were done in the late 20-teens. THE SITUATION The property is currently heavily cluttered and the seller is reclusive with some health sensitivities. Because of this, we are seeking a streamlined, as-is sale to minimize stress on the occupant. SHOWING PROCESS To protect the seller’s privacy, there is no lockbox and we will do showings by appointment on May 31 to serious inquiries. Interior access will be granted to buyers who have reviewed the listing and have a pre-approval or proof of funds. This is the lowest-priced entry into the area with a low HOA fee and a great chance for a buyer to build instant equity in this market while helping a seller in a tough spot. Let's put a deal together!
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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