High End Fixer Upper in Wellington with $1M in SPREAD

Description

Asking Price
💰 $1,899,000

After Repair Value (ARV)
🏠 $3,000,000

Estimated Rehab
🔧 $355,000

Over $1M in SPREAD and

$700,000 in SPREAD after repair

Property Highlights
🏡 Extra Sound proof studio/office with Concrete Poured Cinderblocked walls and extra roofstrapping making it extremely storm proof. Can easily be converted into 2 additional bedrooms.

🌳 Huge front and back yard with basketball court and outdoor grill.

🛏️ 4 bedrooms

🛁 5.5 bathrooms

📐 1.32 Acre Lot

🏠 Single Family Residence (SFR), Zone R1

🆓 Property will be delivered vacant at close

🔄 Garage is air conditioned and Boasts and Outdoor grilled and appx 2000sqft of covered patio

❗Flooring and 2 ft of bottom of drywall removed due to leak. Leak and mold resolved January. Passed mold inspection

Sales comparbles

🏡 14737 Morgan Close, Wellington, FL 33414

🛏️ 6 bedrooms
🛁 5.5 bathrooms
📐 5,547 sqft
🌳 1.5 Acre lot
🗓️ Sold on 03/26/24
💵 Sold for $3,100,000.00
🏡 14727 Horseshoe Trce, Wellington, FL 33414

🛏️ 6 bedrooms
🛁 5 bathrooms
📐4,650 sqft
🌳 1.15 Acre lot
🗓️ Sold on 04/02/24
💵 Sold for $2,600,000.00