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Incredibly Priced Oceanview Fixer For Sale in Bajamar


Add your touch with some TLC

• 350 sq. m., 4 bath, 3 bdrm 2 story - MLS® $248,000 - BEST BUY FIXER

 -  Ample windows offer natural light throughout this cul-de-sac home with spacious backyard for outdoor living, BBQ’s, or room to build your lap pool. Surrounded by green space with plenty of mature growth in a quiet part of the community, providing ample street parking for guests, as well as the attached double garage.

Bring your decorating ideas to this diamond in the rough, and have the interior look you want while saving significantly over comparable homes in the area.

About $15-20k will make this home very livable. Our budget would be in the $40,000+ range to add some upscale floors, granite in the kitchen and upgrade the bathroom tiles, etc.

Roof needs work, but shows no signs of leakage, Garage door needs replacing, as do most light fixtures and some plumbing fixtures.

This home is the best bargain we have ever seen in Bajamar and should sell very quickly at this price. Seller is obviously very motivated for an all cash buyer,

Land Value alone is in the $300-$350/meter range making the 459 meter lot alone worth $140-$160,000
Completed construction cost of replacing the home would currently be approx $65/sq ft, making the completed home construction cost alone about $225,000 plus the perimeter Wall and mature growth valued at another $15,000
Completed value is in the $380,00 - $410,000 Market value range.
Can be purchased for Only $248,000, making this an outstanding bargain.
We see a profit or savings of $50,000 - $100,000 with less than 2 months work in this offering, depending on your skills as a contractor and interior designer.

In Escritura and fully eligible for Bank Trust and Title insurance, but seller will not consider a lengthy escrow for financing purposes.

Property information

Posted: Wednesday, February 27, 2008 9:46 AM by Herb Kinsey
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