After Repair Value: $380k Repairs: $50-65k depending on what you decide to do. Christmas Rehab special in the hot desirable area above capital in Marmalade District. Make this into a 4-5 Bedroom SFR up and down, or turn into a duplex. This is just outside the historic mandated district so no unreasonable city requirements. The building has already been partially rehabbed. It has framing, 2 brand new piped in furnaces, some plumbing and electrical done. Just needs walls, paint, flooring, and some restructuring. Roof is brand new as well. This is not for the faint of heart, but not the most difficult renovation either. Comps: -549 N. DeSoto under contract for $325k-77 E Girard Ave. sold 2/23/12 for $425k-606 N. Cortez St. sold 6/4/12 for $438k-709 E. Capital Blvd sold 7/17/12 for $450k-702 N. Cortez St. sold 9/17/12 for $373,750-ACTIVE COMP: 587 N. DeSoto is being sold by owner for $375k and its smaller and not upgraded as well. When Pulling your own comps, make sure you do not mix with comps to the West of Highway 89 and to the East of Capital Street. These are different areas and not as desirable. Make sure you check a map first. The following streets are considered in the same living area: -Columbus Street-Columbus Court-Cortez Street-Capitol St-Capital Blvd-Girard Ave-Zane AveIf you go up to the end of the Columbus street up north, they are building Henry walker new homes from $550k-$700k. These will help the resell comps as well. Here is the website: http://www.henrywalkerhomes.com/salt-lake-county/columbus-courtThere are also a lot of sales and transfers of title that are not showing up on the MLS. Recommend pulling title reports for sales in the vicinity to see those as well. Other Features of this once in a lifetime Property: -Right above capital with amazing western SL valley views-2,400 Sq ft. 0.18 Acre Lot with no homes behind-Serviceable Inground pool/spa. Equipment recently fixed/serviced per previous owners-Fully fenced back yard with Western cityline views-12 Energy Efficient Double pane windows included but not yet installed-Circular front drivewayTo see more pictures go to: http://sdrv.ms/VRZbnB
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