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Property Listed at $15,100 BELOW Tax Appraised Value!


Chevy Chase MD | 0/1 | $199,900 | 7 Deal-Score Happy-Adanced-Analytics Identified this deal & makes it easy for you to make an offer.

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What Makes this a Potentially Good Deal?
Happy PropertyScan™ Technology analyzed metrics not available on Zillow, Trulia or anywhere else.
   
Appraised at $217,096 but Asking $199,900.
$25,500 Below C-2 Appraisal
$12,100 Below p1Appraisal
$13,989 Below realAppraisal
$15,100 Below Tax Value


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Potential Property Metrics
Asking Price: $199,900
Reccommended Offer:$156,889
Repair Estimate: $6,696
Total Investment Estimage$163,585
Potential Value After Repairs:$217,392
Potential Profit / Discount $41,994
 

Values are estimates generated by Happy Investor advanced analytics and are not a guarantee of profits. Use these numbers as guidance while also doing your own research, research with a Realtor or other experts.

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Potential $41,994.00 Profit*

Property Listed at $15,100 BELOW Tax Appraised Value!
Address: Get Free Account To View!
City: Chevy Chase
State: MD
Zip: 20815
First Listed: 12/9/2021
Year Built: 1968
Contact: Get Free Account To View!
Phone: Get Free Account To View!
Price: $199,900.00
Online Appraised Value: $217,096.00
Original Price:$199,900.00
Tax Value: 215000
Beds/Baths/Sq. Feet: 0/1 | 495
Property Notes: Investment Rental Property





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Property Description

Fabulous Condo in Friendship Heights/Chevy Chase! Wonderful opportunity to ...........
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............purchase the carefree city life you crave with access to all the ameni...........

 

Property Genius Advanced Analytics

PROPERTY ADDRESS: View Here

Profit/Loss Potential Analysis (C)
Current Asking Price$199,900 Original asking price of $199,900. Listed on Market 49 days ago.
Your Reccommended Offer Price! (V) $156,889 Offer Price Based on ** Already being on market for 49 days. ** Property being an older home meaning more repairs. Built in 1968.** Comments on property indicating the seller is motivated (Investment Rental Property)
If more than 1 out of 5 of your offers are being accepted, you are offering too much. Be disiplined! 49 Days on Market. (Make Offer!)
Estimated Repairs based on property age and square footage $6,696 Adjust this number based on images below! Property was built in 1968 and has 495 Square Feet!
Total Investment$163,585Need Financing to Do This Deal? Contact our Customer-Assistance Office Here
Estimated Selling Price after repairs/updates$217,392!! $217,392 ARV Estimate was determined using a combination of the following:
* $60.00 Value Estimate based on property being worth the original listing price of current seller after repairs are made, PLUS double the dollar armount of repairs you make to the property.
* $227,951 Value Estimate based on property being worth 5% more than 3rd Party Appraised Value of $217,096 after updates and repairs.
* $230,050 Value Estimate based on Home being worth 7% more than Tax Appraisal of: $215,000 Determined by Analyzing Tax Value, Online Appraisals, Value-Added from Repairs & More.
Estimated Net Received on Sale$205,579 (Hire a 1% Listing Realtor to sell home. Buyer's agent will collect 3% of sales price at closing. $500 title Policy. 1% of sales price title insurance expense. Wise to do $0 seller concessions. Pay pro-rated property taxes.
Potential Net Discount *$41,994 These numbers were generated by our Property Genius algorithms. Do additional due diligence by looking at comparable sales, having a real estate expert review the deal, and getting an inspection.





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