🏡$24k for a real house??!!! 🏡312 Pine St, La Fayette, GA 30728

4 Beds / 1 Baths • 1,020 SqFt
Offer Submission Deadline
  • Single Family House
  • 4
  • 1
  • 1935
  • 1020
  • No Garage

Description

Click here for a walkthrough video!!

If you need something economical to work on, here's a golden opportunity!

Much of the stucutre is good, but you'll need to address issues from the roof down to the rim joists.

So why bother? Becuase in the last 6 months, the lowest transfer for a livable home (not a rehab, just livable) was 311 Chestnut St, in June, for $150k. It was also nearly 300 sq ft smaller than this one.

Some of the interior rehab has already begun, and there's a blank slate of options for the layout. You could stick with the current 4 bedrooms (I'll use the term loosely) or go with something a little more conventional. Incidentally, if you chose to add a second bathroom, the cheapest 2-bath comp closed in the last 6 months were $200k and $205k for 708 Colerain and 510 Colrain, respectively.

LaFayette is a great town, with a lot of affordable options. We're seeing more and more demand for options in this price point.

Estimated Spread

  • ARV $134,000
  • Price $24,000
  • Spread $110,000