Property Details
Land | Residential
  • Lot Size: 11,250 SF
  • Price per SqFt: $34.67

Lot Priced Below Market Value!!! Build 6 Patio Homes on this lot that's right in the middle of LOTS of other New Construction* Shady Acres is HOT with only 3 months of inventory for New Construction Patio Homes*Check out Building Proforma below with builder profit analysis, survey, sitemap, plans, Harris County Flood map and recently sold lots & new construction patio home comps for your review*Lot Prices in the area are going up so LAST Chance to Buy a Lot at this Price in immediate area!!! Average MLS Sold lot price per sqft in Shady Acres is $45 a sqft and this one is priced under $35 a sqft*Seller will Owner Finance for approved Builders & possibly financing construction loan!***

Property Auction Terms and Disclaimers
  • Seller will only accept Cash, Line of Credit, Hard Money or Conventional Loan for fixer upper properties.
  • Seller's Ideal Closing Date: Nov 26, 2018
  • Property is being offered "AS IS, WHERE IS".
  • There are no inspection or financing contingencies.
  • Bidders must inspect property before bidding ends or ask for inspection contingency to take place within 48 business hours of acceptance. If bidder asks for this contingency they will be subject to losing their $997 deposit for taking the property off the market if they don't close on property. If they do close then this $997 will go towards buyers earnest money.
  • All pictures, details or descriptions of any property, condition of title, value or otherwise is provided for informational purposes only and may not represent the true and current status of the property now or at the time of sale.
  • Title is open for subject property, and Seller warrants their aren't any liens on property that will prevent it from closing.
  • Buyer will receive a General or Special Warranty Deed, depending on title.
  • Seller will only accept Cash, Line of Credit or Hard Money Loans for fixer upper properties.
  • The Buy Now feature allows users to buy a property NOW instead of waiting for the auction to end.
  • Seller reserves the right to a final review and can accept or reject any offers if highest or Buy Now Bidder doesn't provide satisfactory verification of their ability to close on the property.

$389,900

Starting Bid/Make Us an Offer

OR

Can't wait for the auction to end?

$409,900

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Property Fees and Transaction Information:
  • Buyer will pay a $497 buyer premium to buy your property at closing & funding.
  • Buyer pays for half the closing & escrow fees, plus their prorated share of property taxes and HOA fees from the day of closing until the end of the year. Seller pays for half the closing & escrow fees, plus the owners title policy and their prorated share of property taxes and HOA fees up to the day of closing.
  • Buyer will be responsible to buy survey, HOA documents and resale certificate if needed.
  • Earnest Money Deposit is $2,000 or 2% of the Sales Price (whichever is greater).
Estimated Numbers

After Repaired Value: Verify ARV @ Fast CMA$2,517,120

Sellers Asking Price: $389,900

Estimated Rehab Cost: $1,530,100

Potential Profit: $597,120

NOTE: These are ballpark estimates so please do your own due diligence for ARV and Estimated Rehab Costs.

Property Location
Showing Information
Open Home

There are no inspections of the inside of the property. Users have to bid based upon all of the information provided including a video of property.

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