Richmond, VA, 23223 - For Sale By Owner

Additional features: Lot size: 7720.0, Floors: 1, Loan type: Conventional

Very Rare Rehab in Chimborazo Park (Church Hill)
3520 East Clay Street, Richmond, VA 23223

Only a 68.5% LTV!!!

Only $39,900!

Repairs approx. $70,000 to $80,000

ARV $175,000+

Total 2008 Tax Assessment As-Is $105,000, Land Assessed for $60,000

This 1312 Sq Ft A-Frame home was built in 1918. It is situated on Large lot at the end of a dead-end street only 3 blocks from Chimborazo Park where houses sell for $400,00+. It is a unique style of home that had lots of character in its day. The exterior needs to be dressed up with a full front porch to bring it back to its original charm. The home is 1.5 stories and might be suitable to include a loft in your plans. It is currently gutted and ready for you to make it beautiful again. It will require a full rehab.

Comps

SOLD- As Is

3501 E Clay Street-1796 Sq Ft $81,600 on 03/10/08 (“AS IS”-Gutted With Some Rough-ins) Sold rehabbed for $360,000 6/24/08             

3015 M Street-1440 Sq Ft $55,000 on 11/06/07 (“AS IS”- Needed Complete Rehab)

SOLD- Renovated

2607 E Leigh Street-1056 Sq Ft $175,000 on 02/05/08 Renovated            

423 N 26th Street-1732 Sq Ft $215,000 on 05/16/08 Renovated 

704 N 27th Street-1676 Sq Ft $218,000 on 04/01/08 Renovated

ACTIVE

601 N 27th Street-1372 Sq Ft $219,950 listed on MLS 

512 N 27th Street-1304 Sq Ft $195,500 Listed on MLS 

611 N 33rd Street-1472 Sq Ft $179,000 Listed on MLS

There are renovated and new construction houses on this block and all over the area. Lots of money has been invested into this area in recent years. Take advantage of the revitalization efforts that other investors put into the neighborhood.

Contact Greg at (804) 565-9723 or email him at info@EagleHouseDeals.com

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