Lee County, Sanford, NC 27332
2 bd2 ba1,614 sfBuilt 1985
Gross spread$120,000
Description
Property Details: 3 Bedrooms / 2 Bathrooms, 1,614 Sq Ft, Built in 1985, with an attached garage, partial basement, fireplace, and 9,762 Sq Ft lot. The property is owner-occupied and has an annual $850 HOA fee. Area comps include 4023 Kitten Cv at $280,000, 4007 Deer Track Trl at $320,500, 3070 Still Turn at $300,000, and 6115 Pebble Bch at $315,000. These nearby sales support an ARV around $300,000, which is also consistent with the separate comp report’s $300,167 estimate. Asking Price: $180,000 Estimated Renovation Cost: $40,000 Total Investment: $220,000 Estimated ARV: $300,000 Projected Gross Profit: $80,000 (36.4% ROI) 70% Rule Check (MAO): $170,000 ($300K × 70% − $40K rehab) At only $10K above the traditional 70% MAO, the property offers a solid spread with nearby comps reaching $300K–$320K+. With a renovation budget around $40K, this presents an attractive value-add opportunity for investors looking for a flip in the Sanford market. CONTACT MIKEY FOR MORE INFO [contact details hidden] OCCUPIED – DO NOT DISTURB OWNER. SHOWINGS BY APPOINTMENT ONLY. VACANT AT CLOSING.
$/sqft vs market
Median of 11 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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