Property Description:
Repairs:
Needs the finishing of the floors, possible paint and lawn care
~$10,000
Situation for the owner: is that they need to rent 4-6 months after closing on the house to prepare for their new home (which by the way is why I wanted to list it to get more eyes on this)
For comps:
-5401 State Lind rd, Marshville, NC 28103 -3 bd, 2ba, 1512sqft for $205,000 on February 15, 2023 5401 State Line Rd, Marshville, NC 28103 | Zillow
-5418 Cheraw rd, Marshville NC 28103 -3bd, 2ba, 1948 sqft for $294,900 on March 2, 2023 5418 Cheraw Rd, Marshville, NC 28103 | Zillow
-6918 Landsford Rd, Marshville, 28103 -4bd, 2ba, 1512sqft for $175,000 on January 26,20236918 Landsford Rd, Marshville, NC 28103 | Zillow
if you take the average price per sqft of all of them in the area
(136 + 152 + 125)/3 = $137
Multiply by square footage:
$282,492
Realtor Comps in the area: (by asking realtors in the area)
$240,000- $340,000
Propstream in a 5 mile radius for a single family( which is probably too high according to the house being 'mobile' with the land)
$359,356
Zillow Estimate:
$270,000