What is the average repair cost for fire damage on a sfr ?

[Andres Cardenas]

Came across a 3/1 in Phoenix with pretty bad fire damage, it’s listed at 89k and has been listed for sale for 52 days now. The house right next door which is a 4/2 is selling for 219k and other comps are around that range. So besides all the basic needs that a house requires to be habitable from drywall, cabinets, roof, etc. what other repairs are needed? At what price would this house make sense? And how long would a rehab like this take? Thank you in advance!

[Jeremy VanDelinder]

I flip fire-damaged properties and own a fire damage restoration company.  There really is not such thing as an "average." Depending on the extent of damage it could range from a light cleaning to "bulldoze and rebuild." 

The challenge with fire damaged properties is that there is more than meets the eye. For example, often fire damage is water damage--they put the red stuff out with wet stuff. Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace. 

@J Scott's advice is spot on.I would recommend you find a fire restoration company/contractor to walk the property with you and give you a good understanding as to what needs to be done. There are many things that could be overlooked as part of the renovation on fire-damaged properties.

Let me know if I can help by providing any advice, looking at pictures, etc.