Another GEM!! This 1475 square foot single family detach rancher home has 3 bedrooms and 1.5 bathrooms. It is located at 7000 blockof Paris Rd Gwynn Oak, MD. Woodmoor Estates,built in 1955, 9,000 sq ft lot, across street from Woodlawn Middle, down the street from Woomoor Elementary. AS IS value $117,000. Asking $105k obo, ARV $230k, repair cost $40-$50k. Please provide POF to receive lockbox code, in depth Property Summary and $3500 EMD at time of contract. CASH ONLY, must be able to close in 7 business days. Continued success to you. See you at the closing table.
| PURCHASE/REHAB ASSUMPTIONS |
|---|
| % of ARV: 67% |
| After-Repair Value (ARV) | 230,000.00 |
| Purchase Price (Offer Price) | 105,000.00 | 45.65% |
| Rehab Costs | 45,000.00 | 19.57% |
| Total Holding and Closing Costs | 5,000.00 | 2.17% |
| Total Financing Costs | 0.00 | 0.00% |
| Total Project Cost Basis | 155,000.00 | 67.39% |
| Total Amount Financed | 0.00 |
| Total Cash Commited | 155,000.00 |
| PROJECTED RESULTS |
|---|
| Projected Resale Price | 220,000.00 |
| Projected Cost of Sale | 13,200.00 |
| Flip Profit | 51,800.00 |
| ROI | 33.42% |
| Annualized ROI | 100.26% |
| Timeline Assumptions |
| Time to Complete Rehab | 2 Months |
| Time to Complete Sale | 2 Month |
| Total Time | 4 Month |
Property Details for 7000 block PARIS Road
Virtual Tour, Parking / Garage, School / Neighborhood, Utilities
Parking & Garage - No Parking
School Information - Elementary School: WOODMOOR
- High School: MILFORD MILL ACADEMY
- Middle School: WOODLAWN
Utility Information - Heating: 90% Forced Air
- Fuel: Natural Gas Heating
- Cooling: Central A/C
- Fuel: Electric Cooling
Interior Features
Bathroom Information - Main Floor Baths (Full): 1
- Main Floor Baths (1/2): 1
Bedroom Information - Main Floor Beds: 3
Dining & Kitchen - Kitchen/Dining Combination
Additional Rooms - Above Grade
Exterior Features
Water & Sewer - Public Sewer
- Public Water
- Hot Water: 60+ Gallon Tank
Building Information - Brick and Siding Exterior
Financing, Location Details, Misc. Information
Finances & Fees - Tax Year: 2015
- Total Taxes: $2,922.15
- Total Taxes Frequency: Annually
- County Tax: $1,579.24
- County Tax Frequency: Annually
- Possession: Settlement
Location Information - Directions: From Liberty Road turn onto St Lukes Lane proceed .5 miles turn right onto Paris Road. The house is on the right.
Assessment Information - Year: 2016
- Total Assessment: $143,700.00
- Total Assessment Frequency: Annually
- Special Tax Assessment: $1,342.91
- Special Tax Assessment Frequency: Annually
- Land Assessment: $58,400.00
- Land Assessment Frequency: Annually
- Improvement Assessment: $85,300.00
- Improvement Assessment Frequency: Annually
Property / Lot Details
Property Information - Sq. Ft. (Finished): 1475
- Parcel #: 377
- Ownership: Fee Simple
- Tax Legal Subdivision: WOODMOOR ESTATES
- Block or Square: A
- Election District: 2
Lot Information - Lot #: 12
- Section: 1
- Acres (Lot Area): 0.206612
- Above Grade Structure
Public Records for 7000 block PARIS Road
Taxable Value
| Land | $58,400 |
| Additions | $71,900 |
| Total | $130,300 |
Taxes (2015)$2,001
Basic Info
| Beds | — |
| Baths | 1.5 |
| Floors | 1 |
| Year Built | 1955 |
| Year Renovated | — |
| Style | Single Family Residential |
| Finished Sq. Ft. | 1,475 |
| Unfinished Sq. Ft. | — |
| Total Sq. Ft. | 1,475 |
| Lot Size | 9,000 |
