Property Overview
Today we are offering a great opportunity for a quick flip in the Clarke Farms subdivision of Parker right next to downtown. This is a 1,842 sq ft split level currently with a 3 bed, 2 bath (it will be a 4 bed, 3 bath after fix) on a 5,097 sq ft corner lot with a two car attached garage. According to the seller this comp has many updates already including a high end kitchen remodel with SS appliances, new flooring, new water heater, good furnace with A/C. The rest of the home is in great shape and will only require some bathroom flooring updates and some paint. Finishing the small basement adding a bed and bath to meet or exceed our conservative ARV. There is only one active neighborhood close by, and homes sell fast in this area. The home has a great layout with a large living area, dining and kitchen, a great room on the main level with a screen door to the backyard porch. Down on level one is a large living area with fireplace, a bedroom and a full bath. The basement is currently unfinished and will add another bedroom, bath and laundry/ utility room. The top floor has a main bedroom, full bath and another good size bedroom. The school district is Douglas County and the taxes are $2,965.
Neighborhood : Clarke Farms of Parker is a desirable location right next to downtown Parker. Close to restaurants, Schools, Parks and shopping.
Video Walkthrough
According to the seller this home has a newer flooring, beautiful updated kitchen with high end materials and appliances. The exterior is in great condition and the windows have all been updated except for the one in the basement. The home has a brand new water heater, solar panels that will be paid off at close and a good furnace with A/C. To hit ARV, we have budgeted for the basement window, bathroom flooring, interior paint, some cleaning and updates to the bathrooms, and finishing the small basement by adding a bed and a bath.
Total Budget: $29,000
Nicely updated Clarke Farms split-level home containing 4 beds and 3 baths after fixing with 1,842 sq ft on a quiet street with a 5,097 sq ft corner lot in a desirable Parker location.
List ready home after some minor updates in the Clarke Farms neighborhood of Parker where homes sell fast right near downtown with zero actives close by.
Closing is scheduled for 08/05/2024.
11337 Haswell Drive, Parker, CO 80134 Zillow
This comp located .2 miles from the subject in the same subdivision sold for $570,000 in April for $20K over the asking price. This is a 3 bed, 3 bath home with 1,900 sq ft, a two car attached garage and sits on a smaller lot than the subject. Subject is on a corner lot and will have one more bedroom. This comp has an updated kitchen (painted cabinets and tile granite counters - not updated like subject property) and some updated flooring. Subject is a much nicer finished product after the included fix.
17314 Paoli Way, Parker, CO 80134 Zillow
Located .1 miles from the subject in the same subdivision. This comp sold for $25K over the asking price at $575,000 in April. This is a 4 bed, 3 bath Tri-Level home with 1,668 sq ft on a 4,356 sq ft lot with a two car attached garage. This comp is 175 sq ft smaller than the subject with a smaller lot. Subject has a corner lot and both have two car attached garages. This comp has an painted cabinets with original formica counters in the kitchen, not to the level of the subjects kitchen. Some new flooring like the subject. The rest of the home is not updated and shows our very conservative ARV
17641 Hoyt Place, Parker, CO 80134 Zillow
Located .2 miles from the subject in the same subdivision this comp sold for $575,000 in March $25K over asking price. This is a 3 bed, 3 bath home with a two car attached garage with 2,151 sq ft. This comp is back to the busy Main Street and has one less bedroom than the subject after the included fix. This comp was sold clean but with no updating, unlike the subject that is a much nicer finished product.
17329 Paoli Way, Parker, CO 80134 Zillow
This Tri-Level home with 4 beds, 4 baths and 2,116 sq ft (1,622 sq ft finished) has an unfinished basement sitting on a smaller lot. This comp sold for $479,900 last December. Both have two car attached garages. This comp is very dated and needs updates.
