Asking $259000
Est. Repair $130,000 *
Est. Repaired Value $550,000 **
Potential Gross Profit >>>>$161,000<<<<
Huge house located in beautiful Mount Olive, NJ minutes away from Route 46 and Budd Lake. House comes with 6 spacious Bedrooms, 3.5 Bathrooms, 3 car garage, 3,782 sq ft of living space and sits on a 1.26 acre lot. Has a full basement semi-finished and the home is heated by oil (above ground) with two unit heating systems and 2 unit cooling systems. Has nice backyard porch on first and level and one on the second level. House will need updating throughout including some mold remediation in the basement, the house is on private well and septic. Estimate budget of $130k includes replacing the septic which may or may NOT need to be replaced. Taxes per year for this property are $19,669.
COMPS FOR: 188 Sand Shore Rd (6bed 3.5baths 3,782 Sqft 1.29 Acres)
(1) 29 Kevin Dr Sold for $479k on 08/16/18 DOM 51 (4bed 2.5baths 2,804 Sqft 0.88 Acres )
(2) 25 Bennington Dr Sold for $490k on 12/12/17 DOM 34 (4bed 2.5baths 2,862 Sqft 0.92 Acres)
(3) 13 Dorset Dr Sold for $500k on 07/16/18 DOM 65 (5bed 3bath 2,868 Sqft 0.62 Acres)
(4) 7 Oxford Rd Sold for $535k on 03/28/18 DOM 122 (5bed 3.5baths 3,679 Sqft 1.0 Acres)
(5) 7 Windsor Ct Sold for $570k on 04/03/18 DOM 6 (5bed 3bath 2,862 Sqft 0.59 Acres)
(6) 2 Tracey Ln Sold for $556k on 07/23/18 DOM 71 (4bed 3.5baths 3,088 Sqft 1.0 Acres)
(7) 2 Magestro Ct Sold for $570k on 01/07/18 DOM 108 (4bed 2.5baths 3,153 Sqft 0.30 Acres)
(8) 62 Indian Spring Rd Sold for $600k on 07/20/18 DOM 19 (4bed 4bath 3,898 Sqft 1.02 Acres)
(9) 7 Fieldcrest Dr Sold for $600k on 05/17/18 DOM 46 (4bed 2.5baths 2,896 Sqft 1.20 Acres)
(10) 4 Heaton St Sold for $670k on 08/16/18 DOM 27 (4bed 3.5baths 3,563 Sqft 0.59 Acres)
IF YOU NEED FUNDING TO PURCHASE THIS PROPERTY OR ANY OF OUR PROPERTIES, PLEASE GIVE US A CALL AND WE CAN PUT YOU IN TOUCH WITH ONE OF OUR AFFILIATE LENDERS.
SERIOUS BUYERS ONLY PLEASE. Buyer must be purchased with cash, hard or private money, or line of credit and able to close within (10) days or less. 10% Non-Refundable deposit due within 48 hrs of acceptance. Property being sold “as is”, any and all inspections and certifications, including Certificate of Occupancy will be Buyer’s responsibility. Free and clear title, quick closing offered.
All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. The buyer is responsible at their sole cost and expense to obtain all required permits, approvals, and certificates, including but not limited to the certificate of occupancy and smoke detector certification.
