Fix N Flip House for Sale in Norfolk VA

[Rodney Bowden]

This property will be sold by close of business on Wednesday July 5th. 

My client has 1738 Blair Ave. in Norfolk under contract and will sell it for $65,000. 

Currently this is a 2BR/1BA vinyl siding rancher. The ARV is $165K and the estimated repairs are approximately $50K (which includes approx. $5K in termite damage per previous Listing Agent).

Below are the Withdrawn MLS Listing with photos, My Walk Through notes and the Comps.

Click on link to see old MLS Listing

Notes From My Walk Through:

> 1,276 sq ft

> Easy to add 3rd Bedroom
> Built 1927
> 1 level
> In Gowrie Park (nice street)
> New construction one block up the street
> Replace 15 Windows?? (comps had original windows)
> Replace roof
> Demo replace entire interior
> Floor slopes in some areas. Check foundation, it may need to be shored up.
> Vinyl siding in good shape
> Paint and minor repairs on exterior trim
> Point up exterior bricks
> Needs 200 amp panel box
> Needs HVAC and ducts
> Needs new bath and kitchen
> Needs flooring and paint and minor drywall repairs

Subject Property:1738 Blair Ave, Norfolk, VA 23509 withdrawn from MLS on 6/23/17

COMPS: Click on link to see map COMPS MAP (note: all the comps have 2BRs. Add value by making 1738 Blair Ave into a 3BR property)

1751 Blair (MLS #: 10113924) sold for $165K in 13 days with original Windows. Has a nice big corner lot But is only 2 bedrooms and 1,056 sq ft. 1738 Blair is over 200 sq ft bigger

1811 Pope (MLS #: 1649605) sold for $148,999 with original Windows built in 1931
Only 2 bedrooms and 978 sq ft 1738 Blair is 300 sq ft bigger

1513 Lafayette (MLS #: 1652544) sold for $155,000 on a BUSY street. This was a short sale. Not renovated. Only 2 bedrooms bath was not updated and kitchen has no granite or stainless appliances