Seller's estimated After Repaired Value (ARV). Your ARV will depend on your plans for the property. Always do your own due diligence. Then make an offer. -Price
Seller's asking price. Your negotiation starts here. Make an offer. You may get a counter-offer to start negotiations. Make enough offers and you'll get some accepted. $5,200,000Repairs
Seller's repair estimate. Your repair budget will depend on your experience and on your plans for the property. Always best to visit the property to finalize your numbers. Then make an offer.-
A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. -Comps
Comps are similar homes that have recently sold close to the subject property. Make sure to compare differences in size, condition, and features. - --Rent Zestimate©
A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. - / Month
Subject Property and Comparables
|# ||Address ||Beds/Baths ||Sq. ft. ||Last Sale Date ||Last Sale Price|
10 condos and 2 retail spaces
-Its currently an existing office building, so it needs to be gutted and renovated. Nice interiors job
Outsale is 14.3 Million
Asking Price is 5.2 Million
Construction is 4.7 Million (12 months all interior, no additional SF)
Net Profit is 2.5 Million
Currently has Approved SUP for 10 condos and 2 retail spaces.
Design is compete up to the DD set.
Plans Available Upon Request
So needs about 2-3 months to get permit.
Address: 312 South Washington Street, Alexandria, VA, USA
Country: United States Open In Google Maps
Property Id : 31374
Price: $ 5,200,000