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Updated almost 8 years ago on . Most recent reply
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My first deal with NO comps..
hey guys, so I have a possible wholesale deal. Just looking at the front of the place you can tell it needs work, kinda looks like a dump. It used to be an old shop that sold plants, here are the details I have received..
-11,250 Sq ft lot
-2130 Sq ft building
-built in 1946
-1 green house he made into a 2 story building the other green house has broken glass and hail damage.
-it has a water well but no sewer
-records show he bought it for 65k in 2003 and is asking 75k. He also built the 2 story building add on.
-price history shows he's been trying to sell it the past 10 years but can't and last listing price was 84,500 and says listing was removed.
Pretty much the area it's in is on a main freeway and there's no comparable comps near it and I don't have access to the MLS what do I do? The tax assessor prices the land and building at like 90k, and zestimate is 177k I guess that'd be the ARV? Does anyone have any insight?