Shovel ready Single Family residence in Los Gatos, CA.

$ 1,600,000

Single Family Houses Detached in

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The Numbers

ARV

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.

$1,600,000Repairs

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.

Zestimate^©

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

Description

Fully permitted lot in Los Gatos, CA
See all details in this listing
https://www.zillow.com/homes/26-Alpine-Ave-Los-Gatos,-CA,-95030_rb/153436826_zpid/

I am hitech engineer who ended up buying this lot(long story). As I am not a developer and have my full time work, I cannot do this myself.

Here is the math
Buy the lot for : $1.6M
Construction cost : $1.6M
Carry cost : ~$0.2M
Total input cost : $3.4M
ARV : $4.5M
Profit : $1.1M