Beautiful Jonesboro!!

Jonesboro, Georgia
Chestnut Lake Estate

Listings Stats

Published: Mar 12, 2024
Last Edited: Mar 29, 2024
Listing Type: Wholesale
Listing Status: Sold
Number of Views: 1012
Days On Flippery: 240
Number of Favorites: 2

The Numbers

Asking Price ($): $0.00
Prev.Asking Price ($): $235,000
After Repair Value: $340,000
Est. Cost of Repairs: $15,000
Est. Gross Profit: $90,000
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Description of Property

Assignment of Contract

 

Subdivision: Chestnut Lake Estate
2,155 Sqft
3,158 Sqft Including Garage
0.1742 Acre
Built in 1977
Two Story Home
Fireplace
Slab on Grade
Solid Foundation
Solid Interior/Exterior Walls
5 Bedroom (Garage was converted into a bedroom (Not Included in Sqft), can easily be returned into a garage)
2 Bathroom (1 Upstairs, 1 Downstairs)
Stone on the front recently redone
Sheeting on the sides recently redone
Enclosed Rear Patio with Hot Tub Included
Roof Done in 2017
Central HVAC done in 2016
Water Heater Done in 2021
Both Restrooms Rehabbed
Kitchen Cabinets Refinished
Tile, Epoxy and Vinyl Flooring Throughout
Light Cosmetic Rehab Only

Description of Repairs

Cosmetic Rehab Only
  • Access:
    Message Me
  • Build Year:
    1977
  • Home Area(sqft):
    2,155
  • Bedrooms:
    5+
  • Heating:
    Heat Pump
  • Fireplace:
    Yes
  • Water:
    City
  • Property Type:
    Single Family Residence
  • Occupancy:
    Owner Occupied
  • Lot Size(acres):
    .1742 Acre
  • Bathrooms:
    2
  • Cooling:
    Central A/C
  • Foundation:
    Slab
  • Sewer:
    Public/City
  • Parking:
    Driveway

The Numbers

  • Asking Price ($):
    $235,000
    $229,900
  • As-Is Price/Sq Ft:
    $104.41
  • Est. Cost of Repairs:
    $15,000
  • After Repair Value:
    $340,000
  • ARV Price/Sq Ft:
    $157.77
  • Est. Gross Profit/Equity:
    $90,000
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash,
  • Est. Mthly. Rental Rate:
    $1,960
  • Rental Restrictions:
    Unknown
  • HOA:
    No
  • Earnest Money Deposit:
    $100

Comparables

  • Comp 1

    Full Address:
    209 Amicalola Way, Jonesboro GA 30236
    Distance from Listing Property (mi):
    .70 Miles
    Sale Price:
    $441,619
    Sale Date:
    September 21, 2023

  • Comp 2

    Full Address:
    295 Oak Leaf Dr. Stockbridge GA 30281
    Distance from Listing Property (mi):
    .78 Miles
    Sale Price:
    $352,950
    Sale Date:
    November 30, 2023

  • Comp 3

    Full Address:
    214 Benton Flds, Stockbridge GA 30281
    Distance from Listing Property (mi):
    .84 Miles
    Sale Price:
    $321,968
    Sale Date:
    November 9, 2023

Property Inspection

  • Details:
    Visual Walkthrough Was Performed

Closing Details

  • Closing Attorney / Title Company:
    Burgess Title
  • Target Closing Date:
    May 31, 2024
  • Details:
    Clear title House is currently owner occupied, will be vacant at closing.

Location

Please to view the Map

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