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Upcoming Property
Target Completion Date: 5.1.16
Type: Two-Family
Square Feet: 1,200
Bedrooms: 4 Bedrooms
Bathrooms: 2 Full
Lot Size: 0.21
Year Built: 1900
Feast Your Eyes On This 38×28 Oversized Colonial~Perfect For A Growing Family! This Home Has All The Bells & Whistles Starting W/ Gorgeous Hardwoods, Custom Kitchen W/ Upgraded Granite, Double Sink, Breakfast Bar, Stainless Appliances, Open Floor Plan To Dining Area, Slider Opens To Deck W/ Cascading Steps Down To Two-Tiered Back Yard. Living Room And Stunning Formal Dining Room For Those Special Gatherings Featuring Beautiful Wainscoting. Convenient First Floor Laundry & Half Bath Complete The Main Level. On The Second Level~ Stunning Master Suite With Soaring Cathedrals, Custom Shelving, Large Walk-In Closet, En-suite Bath With Tumbled Marble Floors, Custom Marble Shower, Jacuzzi Tub, Double Vanity, Cathedral Ceilings & Skylight and 3 Additional Bedrooms! Beautifully Finished Walk-Out Basement. 2 High Efficiency Furnaces Heat/AC, Underground Utilities, Municipal Gas/Electric, LED Bulbs Throughout= Low Utility Bills. END OF CUL-DE-SAC & A Short Walk To Cranberry Bog Trail!
You may also call 508.409.7878 for more details.
General Specifications:
Bedrooms: 4
Bathrooms: 2.5
Square Feet: 3,252
Lot Size: 0.41
Listing Agent:
Christopher Coute
phone: 508.409.7878
e: chris@brownstonerg.com
Drop us a line anytime, and one of our representatives will respond to you as soon as possible.
This commuters dream is located minutes from RT24. Each unit boasts updated kitchens and bathrooms with tiled flooring. Living area and bedrooms offer plush carpeting throughout. Mechanical updates include new plumbing and electrical, new GAS fired heating systems and hot water tanks. Exterior feature include maintenance free vyinal siding, large paved driveway, and garage perfect for extra parking, storage or work shop area.
Property Listed by:
Steven Vieira
Atlas Realty
Phone (508) 930-4380
e: chris@brownstonerg.com
You may also call 508.409.7878 for more details.
General Specifications: Multi-Family
Type: 2 Family
Bedrooms: 4
Bathrooms: 2.5
Square Feet: 1,862
Lot Size: 0.25
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Type: Single Family
Square Feet: 1,568
Bedrooms: 4 Bedrooms
Bathrooms: 1 Full, 1 Half
Lot Size: 0.47 acres
Year Built: 1972
[button type=”big” color=”orange”] Image of Home Prior to Rehab[/button]
Type: Ranch (Slab)
Square Feet: 1744sf
Bedrooms: 4 Bedrooms
Bathrooms: 1 Full
Lot Size: 0.26 acres
Year Built: 1966
Purchase Price: $116,000
Rehab Budget: $55,000
Septic: $18,000
Carrying Costs: $32,000
Total Investment: $221,000
Real Estate Commissions: $14,000
NET PROFIT: $45,000
How Did We Source This Deal?
This deal was an off-market opportunity which was discovered on a daily run by one of our joint venture partners. On this morning run in his neighborhood he noticed the extremely tall grass and dilapidated state of the property and began to investigate. After further research and inquiry he was able to contact the current owners family and discover that in fact the property was available. The home was managed by a family member for a father who had been placed in a assisted living facility nearly 2 years back. Being that they still needed to pay property taxes and the father was never going to leave the nursing home it was determined that a sale was the best course of action. The extreme cost of assisted living caused a lien to be placed upon the home and therefore require the home owner to sell at established market value which is determined by an impartial appraisal. The family members were not able to turn a profit as the debt to the state outweighed any value garnered from the sale. After this was done the price was set and we submitted the offer and it was accepted.
What Were the Details That Influenced The Plan With The Rehabilitation?
In order to establish the budget we first evaluated the market for properties of similar nature. This 3 bedroom, 2 bathroom Cape style home is very common in this region and therefore had many comps within region. This provided us a very clear understanding of aftermarket value. That fact allowed us to very easily able to establish the maximum amount we were able to spend on the rehab and still gain a comfortable return. There were a number of mandatory items which needed to be addressed, such as the septic and heating system. From there we determined the best way to spread the remaining budget on cosmetics.
What Were Some Lessons Learned On This Project:
Never overlook an empty home you see in your travels! While not all, or many are available, keep in mind that it is a numbers game. A little educated digging and research and you are generally able to determine the availability of a property and any necessary hurdles you may need to clear those hurdles. Many times they are not available now, but will or may be in the future.
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This Picture Perfect, High Quality Cape Is Nestled In A Tranquil Cul-de-Sac Neighborhood. You’ll Love The Open Floor Plan, Brand New Kitchen W/ Granite Counters, Brand New Stainless Steel Appliances, Gleaming Hardwoods Throughout First Level, First Floor FULL Bath, Nice Dining Area Off Kitchen W/ Slider To One Of The Biggest Decks You Will Ever See! Large Living Room Area, Formal Dining Room For Those Special Occasions OR Turn It Into Your Personal Study~ Lot’s Of Possibilities In This Home! Second Level Boasts Master Bedroom W/ His & Hers Closets, Brand New Carpets Throughout Upstairs, Full Bath W/ Tub/Shower and 2 Additional Spacious Bedrooms. Fresh Paint Throughout This Immaculate Home! In Basement You Have A Blank Canvas To Work With~ The Drywall Is Up And Everything Is Roughed For An Amazing Space! Utilize It As You See Fit! Man Cave? Play Room For The Kids? Office? You Can Fit It ALL! Concealed On A Quiet Cul-De-Sac Street, But Minutes From Route 140 And Other Hwys.
You may also call 508.409.7878 for more details.
General Specifications:
Bedrooms: 3
Bathrooms: 2.5
Square Feet: 1,453
Lot Size: 0.13
Listing Agent:
Christopher Coute
phone: 508.409.7878
e: chris@brownstonerg.com
Drop us a line anytime, and one of our representatives will respond to you as soon as possible.
Here is your move-in condition 2-3 bedroom custom home in picturesque Freetown. If you are looking for a custom New England home to call your home, then look no further. This home has been designed with warmth and comfort in mind! New kitchen with custom cabinets, granite, tile & new appliances. New carpet. Also featuring a highly energy efficient pellet stove. New windows, newer roof, new septic system & beautiful landscaping complete this countryside beauty. Proudly offered at $229,900
Drop us a line anytime, and one of our representatives will respond to you as soon as possible.
Drop us a line anytime, and one of our representatives will respond to you as soon as possible.
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