Large 3/2 on a full basement and over 2.5 acres in a very desirable area. Open floor plan and huge back porch to enjoy the wooded acreage.
Very short drive to Burton Mill park on Lake Lanier and very convenient to Flowery Branch, Gainesville, Sugar Hill and I-985.
This home is obviously in need of pretty extensive rehab. The exterior is in reasonably good shape as it is mostly brick, needing a new roof. Interior is in need of a full rehab. There is an extra bathroom in the full daylight basement so plenty of room to make this into a 5/3 at over 3,400 sqft.
Comps in the area support a price in the mid 200’s with an unfinished basement and easily over 300k+ with a finished basement.
Comps: With the option to finish basement or leave unfinished, here are a variety of comps that illustrate the potential here.
5895 Lakeshore Rd Buford – Sold 375k – 3200sqft Very Clean, not fully upgraded.
6445 Chestnut Hill Rd Flowery Branch – Sold 350k – 2949sqft All Brick, Lake view. Not renovated, pretty unattractive.
6314 Chestnut Pkwy Flowery Branch – SOLD 280k – 3200sqft Clean house, not update, 2 story no basement.
6535 Yacht Club Rd Flowery Branch – Sold 230k – 1660 sqft Clean 2/2
5292 Frazer Rd Buford– SOLD 280k – 1816 sqft Unfinished basement, large metal workshop.
6085 Portsmouth Dr Flowery Branch – SOLD 242k – 1764 sqft no basement, clean not rehabbed
Patriot Home Buyers is a discount real estate Wholesaler. If you have any questions, please call to ask.
To make an offer or schedule a time to inspect the property, please Text or Email Dan Underwood: 678-458-4517 or Dan.Underwood@yahoo.com
Bring All Offers!!!!
Buyer will pay all closing costs and purchase only with Cash, Private Lending, or Hard Money. $5,000 Non-Refundable EMD to be held at closing attorney Ashway and Haldi LLP. Closing will occur here as well.
Realtors: Please add your commission on top of our cash price. Commission will be paid on HUD and we are happy to run that through your broker if you require.
All Buyers: Please do your own due diligence before making an offer. Any comps and repair estimates are meant as a guideline for quick reference.
Wholesalers: Please reach out to us before marketing this deal to your buyer networks. We are happy to work with wholesalers, we just want to introduce ourselves first!