118 Caroline wy Escondido, CA 92025

Subject property
118 Caroline wy Escondido 92025
Purchase:................280k wholesale fees included
Rehab:...................... 65k


end sale broker fee.....20k
Total........................355k....Redfin has this home at 480k Zillow has it at 485k and eppraisel has it at 506k...My est ARV is in the 440k-450k area..so...net is approx..85k-95..

Purchased at 285k you will be paying a ridiculous $91.05 per sq ft...!!


Homes for sale in proximity are in the $150 range per sq ft...This particular home is located on top of the hill area overlooking the valley parkway corridor, west valley and east escondido is nestled with other homes in kind of its own neighborhood that is why the comps are hard to find.. so Redfin and all the others go by the sq ft amount and attach a dollar figure to it...Check it out and let me know what you think...5k earnest...7 day inspection and 14 day close


Details...This is a beautiful property located on a pristine lot in the I15 corridor...with views to the west (San Marcos off in the distance, evening lights..etc) and views of Palomar Mnt and the city off to the east) The home has a pool with a open back yard area that is begging for an outdoor kitchen and facelift..The garage had a 2 room addition that was not permitted and was removed by the lien holder..could be used as an observation deck for a full panoramic view of the surrounding area (really should consider this)..the front needs a tree removed (the root system is very and has damaged the walkway up to the house..Additionally, their are a few trees in the front of the house that impede the west view and should be removed as well.

Scope of work:
1. Their is plenty of room to incorporate a 3rd bedroom which needs to be done...(must determine location)
2. Update the kitchen and baths (1+1+3/4+1/2)
3. Might want to consider eliminating the half bath, opening up the wall and creating an entry to the full common bathroom,closing the direct entry from the bedroom and creating another entry from the same bedroom at the other end of the wall.(I can show you better than explain)..
4. Upgrade all flooring (possible hard wood and carpet)
5. Upgrade all windows
6. Replace entry door
7. Replace (3) sliders with french slider assy's
8. Replace all interior door jams and doors
9. Update all linen and storage closets (new facing and shelving, etc..)
10. Facelift and paint interior..new trim, etc..
11. Upgrade FAU and AC unit( AC unit is roof mounted)
12. Minor stucco patching if not using retro fit windows..
13. Detached garage needs updating (possible roof and\or observation deck w\railing and staircase entry from back yard)
14. Possible pool resurfacing
15. Back yard has an outdoor fireplace...needs to be enhanced with an out door kitchen or??...
16. Some facia and siding (minimal) replacement..
17. Landscape area around the pool (needs updating) and front of the home...
This a general description of the work however, you must see this home to appreciate..lots of potential and IMHO will sell quickly with the right kind of amenities...

Lots of pictures and videos available upon request

mbhomessolutions@gmail.com