Wow, if someone with DEEP pockets buys it and restores it back to a single family home...300K in remodeling, in this neighborhood, it could easily be worth 1.4.  

I’m thinking any additional rehab/restoration would still be at $60/sqft?

I buy countertops, vanities and cabinets at the Habitat for Humanity Re-Store because I can buy good quality used ones cheaper than I can buy crummy cheap new ones that will fall apart after the first tenant.

You could ask the listing agent or a local contractor to go thru your property and itemize any foreseeable repairs or restoration work that is at this point unscheduled.

-COME FLIP MY HOU$E-LQQKING FOR SERIOUS REHABBERS*For homes that have completed the Rehab process I use words like, Completely renovated, all new ammenities, This ulgy duckling has transformed, Fully restored, come check me out!

I would get a home inspection then a couple of restoration services to come out to help come up with estimates.

Saved a ton of money.I just did a buy & hold deal here in New Orleans, but it was a full gut and restoration.

Meaning.. some homes have been restored to original luster ($350k), others are caving in ($14k).. then there is my house-- renovated (not restored) so should hit somewhere in the $150k-$170k range... so comps were tough with wide swings in pricing. 

Building Coverage – this mitigates and restores the building from covered losses and this coverage is required by lenders to secure loans.Building Coverage – i.e. fire, wind, water, vehicle impacts and other elements of structural damage.Loss of Rents/ Business Income Coverage– pays for loss of rental income when a building that is rented to others is damaged by a coveredloss.

I'm looking at purchasing a Fannie Mae REO during their first look period, yes this will be my primary residence,  this is also a historic registered home  in need of a well-deserved restoration  which will probably take eight months minimum,  absolutely no way anyone could move into the home in its current condition .Q:    Fannie Mae has a  document that needs to be signed by the buyer who will be residing in the home that they have to take possession of the house within 60 days of settlement, otherwise it is a $10,000 penalty to the new owner, Ouch!