Not totally sure what to do with vacant houses in middle to upper class neighborhoods.
I pulled some preliminary information from public records, tax assessor’s office, and people finder websites.
The home is a 3bd/1 bath 1275 sq ft home, built in 1940. The home is a cape cod style home. Its in a nice middle class neighborhood. Its sits on a busy street. Its assessed value is 110k. I had to go back to Nov of 2007 to get the closest comps. The average comp is 133k. Some have gone as high as in 160’s in that area.
The house looks vacant. It needs A LOT of landscaping work. The grass is probably about 3ft tall with some trimming done around the driveway. The house looks solid.
Would this be something to go after for a wholesale option or is this a deal for a rehabber to invest in out right?
Now, on public records the property is listed under the owner. There are two records. Both list the owner as the “D” party, but under the “R” party, it lists The Secretary of Housing and Urban Development, and the other lists Financial Freedom Senior Funding Corporation. Any help would be great!