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💰 Asking: $55,000 | Comp Average: ~$144,180 | 🔥 Spread: ~$89,180
| Type | Single Family Residence |
| Bedrooms / Baths | 3 bed / 1 bath |
| Living Area | 1,001 sq ft |
| Year Built | 1955 |
| Lot Size | 10,018 sq ft |
| Utilities | City Water & Sewer |
| Occupancy at Closing | ✅ Will be vacant at closing |
| Closing Date | May 22, 2026 |
| Closing Attorney | Atlas Orange |
COMPS:
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 211 Hawthorne Rd | 1,274 | $159,000 | $125/sq ft | Sold Mar 2026 — updated 3/2 |
| 2313 Lake Ave | 1,153 | $149,900 | $130/sq ft | Sold Nov 2025 — renovated 3/1 |
| 2222 Edgar St | 1,043 | $149,000 | $143/sq ft | Sold Mar 2026 — updated 3/2 |
| 218 Langdon St | 1,012 | $134,000 | $132/sq ft | Sold Dec 2025 — as-is, tenant in place |
| 529 Spaulding St | 1,029 | $129,000 | $125/sq ft | Sold Jul 2025 — as-is |
| 2049 Corrinna St | 1,150 | $100,000 | $87/sq ft | Sold Feb 2026 — heavy reno needed, flood zone ⚠️ (excluded from avg) |
| Comp Average (5 sold) | ~1,102 | ~$144,180 | ~$131/sq ft | |
| 🏷️ Our Price | 1,001 | $55,000 | $55/sq ft | |
| 💸 Your Spread | ~$89,180 |
2049 Corrinna St excluded from average — heavy renovation needed, flood zone, utilities off at sale. Included for reference only.
💡 At $55/sq ft, this property is priced dramatically below the comparable market, where recent sales are averaging $131/sq ft across similar 3-bed homes in the same zip code. The two as-is sales nearby — Langdon St at $132/sq ft and Spaulding St at $125/sq ft — confirm that even properties sold without updates are commanding more than double what we’re asking here. A buyer willing to put work into this 1,001 sq ft home on a generous 10,000+ sq ft lot is looking at a ~$89K spread opportunity against market comps, with the added benefit of taking title to a vacant, unencumbered property at closing.
⚠️ DISCLAIMER — Please Read Before Submitting an Offer
📋 Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- $495 transaction fee payable to Bright Home Offer LLC
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.