Reply for the Address+ Appraisal+ CMA if you buy in this price range and location.
Appraisal ARV is conservative, as market is trending and ARV is $500 -585 sq ft.
Westlake Village, CA. 91362
This is an incredible property with a turnkey backyard and pool. A magnificent location in exclusive North Ranch area of Westlake Village, this is an incredible project for the price.
Square feet: 5730 (not additional square footage needed)
Repairs: $250k (MAXIMUM). Home is in great condition, just needs updating and opening of the kitchen and moving of the staircase. Not a huge project as the home is immaculate inside, NO BACKYARD REPAIRS.
ARV: $3.1 Million (have appraisal), Appraisal is Conservative at $2.8M
Please note that right now North Ranch is RED HOT and the market is really moving up and trending to $500-$550 a square foot for newly remodeled homes. The area is affluent and very family oriented, Westlake is home to many celebrities and executives. The market for turnkey property is very active right now!. We are seeing a strong push in this area and finished, turnkey luxury projects are moving VERY fast.
Incredible opportunity here at the price! We feel this property will sell for $3.0 million when finished due to the upswing in the market and rising sales. My office currently has several in escrow in this neighborhood at $525-$550 a square foot.