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.
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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 |
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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
Address: 26 Alpine Avenue, Los Gatos, CA, USA
City: Los Gatos
State/County: California
Zip: 95030
Country: United States
Open In Google Maps Property Id : 32438
Price: $ 1,600,000
56 / Somewhat Walkable more details here Active Life
Active Auto Body
(13.12 miles)
Active Spinal & Sports Care
(18.18 miles)Active Health Chiropractic & Recovery Center
(3.57 miles)Restaurants
Sidecar Modern Tavern
(0.41 miles)Flights Restaurant By Alex Hult - Los Gatos
(0.66 miles)
The Lexington House
(0.58 miles)Shopping
Redemption
(0.6 miles)
Old Town Los Gatos
(0.47 miles)Kitsch Couture
(0.57 miles)Transportation
Corinthian Transportation
(3.65 miles)San Jose Auto Shipping
(4.32 miles)MA Limousine & CLS Global Transportation
(19.45 miles)
