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Updated over 7 years ago on .

User Stats

182
Posts
32
Votes
Cal Ewing
  • Investor
  • Calgary, AB
32
Votes |
182
Posts

Immense opportunity in Lake Jackson – FIRST TIME FLOODED

Cal Ewing
  • Investor
  • Calgary, AB
Posted

This house has huge potential on over an acre of land that provides all of the benefits of rural living while still close to all the amenities - Walmart, Target, Ulta, Red Lobster and many other restaurants and shopping, all within five minutes of the property. The house flooded during Harvey but has never flooded before, having survived 3 other major floods. Large, 2-story home with cathedral ceilings, recent roof, large detached garage with workshop. There are brand new homes in this neighbourhood.

The property has only been partially remediated. Here is your 70% rule deal! First come first serve.

Address: 3 Chipmunk Ct, Lake Jackson, TX 77566

After Repair Value: $290,000

Purchase Price: $113,500

Repair estimate: $90,000

Earnest Money Deposit: $3,000

Survived 3 other major floods in the area.

4 Bed/ 2.5 bath

2-car detached garage with workshop

2,916 sqft

1.08 acres/47,084 sqft lot size

Built 1978

Click here for images

Offering