Project Description

Purchase Price


Midland, Tx 79703

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Tanner Dr Midland, Tx 79703

 Purchase Price: $165,000

Property Description

Grand-Slam property in Permian Estates! 3 bed 2 bath 1754 sqft with a bonus 0.167 lot next door!

Multiple exit strategies on this one! Fix and Flip home and build another, or Rent out and cash flow current home (construction crew) while you build one next door!

Home features a new roof and A/C unit both just a couple years old!

The Numbers
Total Purchase Price $165,000
Estimated After-Repair-Value (ARV) of Existing Home ($225,000)
Estimated Repairs {$35,000}
Sold New Build Comps  ($225,000)
Estimated New Build Cost (Est. 1500 sqft)  {$128,000}
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Property Photos

Facts and Features
Type Single Family Residence Garage  N/A
Year Built 1952 Roof Type Composition
Home Square Feet 1,754 Foundation Type Slab
Lot Size 0.334 acre Exterior Material Siding
Bedrooms 3 Number of Levels 1
Bathrooms 2
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Comparable Homes – Sold Square Feet Sold Price Price Per SF Sold Date
3903 Tanner Dr
1,533 $230,000 $143.93 07/16/21
4302 Harlowe 1,858 $220,000 $118.41 04/12/21
608 Raymond 1,589 $215,000 $134.92 09/01/21
200 Howard Dr 1,700 $224,900 $132.29 *Under Contract
New Build Comps Square Feet Sold Price Price Per SF Sold Date
506 Raymond Rd
2,318 $369,000 $158.44 01/13/21
4208 Monty dr. 1,738 $270,000 $155.35 12/10/19
110 Howard 1,510 $225,000 $149.10 06/21/21
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DISCLAIMER: House is being sold as-is, and buyer is to pay all closing costs. No representations written or oral are made concerning the property above. Price based on a cash or hard money offer and is net to seller, 7-10 day close of escrow is required. Buyers to do their own independent due diligence and take any necessary precautions to verify any and all material facts. Investidom and its members/representatives make no guarantees concerning property condition, value, characteristics or financial benefits. Investidom may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties (without any warranty or representation other than it is the buyer under the subject contract). Opinion of value is given as courtesy. Our opinion is just an opinion and seller makes no guarantees or warranties, express or implied, as to the value or condition of the home.