Tuesday, June 9, 2009

Must Sell! Significantly Reduced Price! (Ellenwood) $27900

UNIQUE COUNTRY HOME! DRINK YOUR COFFEE ON THE FRONT PORCH AND WATCH THE YARD AS THE SUN COMES UP! PERFECT FAMILY HOUSE WITH VERY LITTLE MAINTENANCE!

This is a wood foyer style home with a one car garage! It is located in a very nice subdivision with homes sitting on nice size lots.

This home offers 4 bedrooms with 2 full baths and an extra bonus area in the finished basement. Total finished space of 1836’ with another 250’ in the one car garage area.

The following is estimated repairs to retail: interior/exterior paint - $4000, new flooring - $3000, add gutters - $500, replace front porch and repair rear deck - $2000, HVAC looks newer, some sheet rock repairs, - $1000, new 6 panel doors throughout - $2000, update kitchen - $2500, update bathrooms - $3000, misc. repairs, dumpster and landscaping $2000. Total rehab expense to retail $18k to $22k! In order to get rent ready could probably get by spending $12k to $14k and have the house in rent ready condition.

Tax value of $110,200! The home last sold for $124,500 on 8/28/02 and before that sale it sold for $98k in 10/99. Current actives in the neighborhood run from $65k to $130k. A conservative rent rate for this size house should be $850 to $900 per month.

Kevin Morice @ 678-427-7700 Owner www.ThisGreatHouse.com

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