This home was formerly purchased and owned by singer Isaac Hayes for a purchase price of $1.5 million. Current market value is around $850k-$900k and could easily be sold for $1 million plus after rehab is completed.
Asking price: $552,000
Repair costs: $50k-90k
THIS HOME IS A STEAL!!
4 bedrooms, 6 bathrooms 7,500 sq ft 4 car garage with storage, professional appliances included, located in very nice suburban neighborhood surrounded by great stores and even better schools!
Recent repairs completed:
1) Roof completely redone
2) All new furnaces
3) new pool pump
4) central HVAC system
5) foundation lifted and restabilized
6)Plumbing and electrical are fine
Home needs new flooring which will cost around 30k depending on style of flooring. Ceiling upstairs does have some water damage so that area of the roof needs some work. Other repairs are minor.
This Preforeclosure is located in Cordova, AK 99574 3 Bed 3 Bath This home is in preforeclosure, which means the homeowner is in default (missed payments). Therefore, there could be an opportunity to strike a great deal with the owner and the bank.