This is a bit of a strange home. The tax rolls are completely wrong for starters. The building type is “Misc Improvement”. This is a Single Family home that was build over the past several years by the seller. It’s strange, and the discount reflects this “white elephant” nature.

522 Shore Dr
Wylie, TX 75098-5704
Collin County

I estimate the sqft to be at or near 2,000. The home is a three bedroom two bath, and there is not a garage or carport (or driveway right now).

If I close on this one, I’ll spend about $50,000. I would clear the land behind the property (Corps of engineer property on Lake Ray Hubbard). I would build a carport in the back and a driveway down the side. You could have a lot of additional parking space for vehicle on the Corps property.

ARV: $250,000 – $350,000
Rehab: $20,000 – $50,000
Asking Price: $185,000

I feel like the best thing to do would be owner finance for $200,000
Comes with all appliances and fixtures
My high end rehab number would be to:
- add overhangs
- reframe the hallway (it’s too wide in my opinion)
- Reconfigure the loft area
- Resize the bedrooms
- Reconfigure laundry/media room
- Improve drainage
- add driveway

Look at the pictures and call/text Shelby @ 214.441.6911

Instant Equity Real Estate Properties For Sale

Your Source For Discounted Real Estate Investment Properties

Wylie Property on Greenbelt/Corps Property

Wylie Property on Greenbelt/Corps Property

Share this:

Share this:

Login

Sign up