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Beautiful Flip in Festus! 1 acre lot, Oversized Garage and Basketball Court!

3 Beds / 3 Baths • 1,526 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 3
Bathrooms 3
Year Built 1973
Approx.SqFt. 1526
Lot size SqFt. 48000
Garage Detached Garage

Description

Contract for sale on the following property. End Buyers Only!

This is one of the strongest opportunities we have brought to market in the past year. The property is already in solid overall condition and appears to need primarily cosmetic updates to achieve top market value. With the right finish level, this project has the potential to produce an exceptional end product.

This is a highly desirable property with several standout features, including an oversized detached garage/shop with parking for 3 vehicles, a large and private lot, a basketball court, a partially finished walkout basement, and a backyard shed.

📍Address: 1600 Hemlock Ln, Festus, MO 63028

Suggested price: $219,000

🎢 After Repair value: ARV $350,000+

✨ A high-quality finish could push the resale value beyond this estimate.

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Property info:

3bd 3 Bath

❄️HVAC 2008 water heater

🏠 Roof is old

🛠️ Plumbing: Updated

⚡️Updated in working condition

🧱 Partially finished basement with walkout

🚙 Total 3 garage spaces- Oversized detached garage / shop

🏀 Basketball court

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🚧Work to consider

Roof replacement

One horizontal crack in basement to assess (basement is dry)

HVAC is old

Basketball court could use resurfacing

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SHOWING FORMAT: ❗️Owner Occupied Home ❗️

1️⃣ Only ONE showing will be held.

2️⃣ Verbal offers required before being approved for showing. (offers are contingent on walking the property)

3️⃣ Top 5 verbal offers will be selected to attend the showing.

4️⃣ Final offers due within 24 hours of walkthrough.

CLOSE OF ESCROW: Early April (exact date TBD)

Vacant at Close

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TERMS OF SALE:

This is a Cash or Hard Money AS - IS sale. NO other kinds of offers will be considered.
EMD $5000 due within 24 hours of accepted offer or the contract will be void. A property is not considered under contract until the EMD has cleared and all contingencies removed. EMD policy is non negotiable.
Title is guaranteed to be clear or EMD fully refundable.
Property available for viewing only during previously scheduled viewing time.
Proof of funds letter and Pre-approval letters are required for offers to be considered.