Home > Blogs > Valerie Baldwin > Gresham & Sandy, Oregon Real Estate ~ Valerie Harvey, Broker, John L Scott

Calling all serious investors...Short Sale, must sell this week, Perfect for investor or flipping

By Valerie Baldwin

Real Estate Agent with John L. Scott Sandy

September 07, 2007 11:36 AM

Perfect property for INVESTOR or Flipping. Must sell within this week. CASH only. Subject to third party approval. All reasonable offers considered. A little elbow grease, hammer in hand will reward the next owner with equity. Call Valerie Harvey, GRI, Broker today at 503-704-9891 for more information.

Image 1 of 7.

Presented By:

Valerie Harvey

Agent Full

John L. Scott Sandy

RESIDENTIAL

Status:

ACT

9/7/2007

4:29:46 PM

ML#:

7090344

Area:

145

List Price:

$255,000

Addr:

7516 SE LAKE RD

Unit#:

City:

Milwaukie

Zip:

97267

Condo Loc/Lvl:

Map Coord:

657/E/5

Zoning:

List Type:

LR:

County:

Clackamas

Tax ID:

00435700

Elem:

VIEW ACRES

Middle:

ALDER CREEK

High:

PUTNAM

PropType:

DETACHD

Nhood/Bldg:

Legal:

908 TIARA CREST LT 1 BLK 2

Public Internet/Address Display:

Y/ Y

Offer/Nego:

CALL-LA

GENERAL INFORMATION

Lot Size:

10K-14,999SF

# Acres:

Lot Dimensions:

Waterfront:

View:

Lot Desc:

LEVEL, PRIVATE, TREES

River/Lake:

Seller Disc:

DSCLOSUR

Other Disc:

RESIDENCE INFORMATION

Upper SQFT:

SFSrc:

county

#Bdrms:

#Lvl:

Year Blt:

1964 /

FIXER

Green:

Main SQFT:

988

TotUp/Mn:

988

Style:

SPLIT, 2STORY

Home Wrnty:

55+ w/Affidavit Y/N:

Lower SQFT:

988

Parking:

DRIVWAY

#Garage:

ATTACHD

#Fireplaces:

WOOD

Total SQFT:

1976

Roof:

COMP

Exterior:

OTHER

Bsmt/Fnd:

CONCRET

REMARKS

XSt/Dir:

SE Lake Rd. between SE Webster Rd and SE Johnson RD.

Private:

Short Sale subject to third party approval; All reasonable offers considered, if you are looking for a fixer w/ a large lot & potential, then this is it. Show & Sell! Hardwood floors on main, Home sold as-is

Public:

All offers considered, fixer on large lot w/ tons of potential. Hardwood floors on main, two woodburning fireplaces and a huge fenced backyard, home sold as-is.

APPROXIMATE ROOM SIZES AND DESCRIPTIONS

Living:

HARDWOD

Mstr Bd:

Baths - Full.Part

Kitchen:

2nd Bd:

Upper Lvl:

0.0

Dining:

HARDWOD

3rd Bd:

Main Lvl:

1.0

Family:

4TH-BD

Lower Lvl:

1.0

Total Bth:

2.0

FEATURES AND UTILITIES

Kitchen:

FS-RANG

Interior:

HARDWOD, LAUNDRY

Exterior:

DECK, FENCED, PATIO, YARD

Accessibility:

Cool:

NONE

Hot Water:

ELECT

Heat:

FOR-AIR

Fuel:

GAS

Water:

PUBLIC

Sewer:

PUBLIC

Insul:

UNKNOWN

FINANCIAL

Property Tax/Yr:

2483.36

Spcl Asmt Balance:

Tax Deferral:

BAC:

2.7

Terms:

CASH

3rd Party:

SAC:

Escrow Pref:

Transnation-Sahra

Rent, If Rented:

HOA Dues:

Other Dues:

HOA Incl:

Comments(2)

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Yvette Chisholm

Long & Foster Real Estate, Inc. - Rockville, MD

Associate Broker - Rockville, MD 301-758-9500

Valerie, why don't you explain why this is a good investment....what are other homes selling for? What can this home be rented for? What kind of "flip" opportunity is this? If someone doesn't know you market...they don't know if this is a deal or an expensive invesment. Just my .02

Sep 07, 2007 11:50 AM

Valerie Baldwin

John L. Scott Sandy - Gresham, OR

Harvey, Gresham Oregon Real Estate

Well, OK then, this home is a great investment because homes in the Milwaukie area with this size lot and square footage and style that are fully updated (and upgraded) go from 300-400K. The land alone is worth around 200-225K. (Lot size is just over 10200 SQ FT. It is located in the North Clackamas school district within the Rex Putnam High School area, Alder Creek Middle School and View Acres Elementary areas. Thiese are all highly desired schools. You can remodel the home and rent it out for anywhere between 1500-1800 per month, depending on how nice the remodel is. You could "flip" the property, but i personally don't recommend flipping in thsi market. Remodel and lease is the best. Of course, as a buyer you should do your own due diligence to make sure that this is a good investment for you.

Sep 07, 2007 12:02 PM

Calling all serious investors...Short Sale, must sell this week, Perfect for investor or flipping

Comments(2)

Valerie Baldwin

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