Single Family auction Pleasantville, NJ - 203-E-Edgewater-Ave-Pleasantville-NJ-08232, 92820308232 | Hubzu
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203 E Edgewater Ave
Pleasantville, NJ 08232
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Description
Great Flip opportunity in a neighborhood seeing lots of activity. Just off the bay and only minutes from Atlantic City. Most of the rehab demo already done.

Property Address: 203 E Edgewater Ave, Pleasantville, NJ 08232
Bedroom Count: 3
Bathroom Count: 2
Square Footage: 1,232 sqft
Fix & Flip or Rental (or both) Fix
Great Flip opportunity in a neighborhood seeing lots of activity. Just off the bay and only minutes from Atlantic City. Most of the rehab demo already done.

Property Address: 203 E Edgewater Ave, Pleasantville, NJ 08232
Bedroom Count: 3
Bathroom Count: 2
Square Footage: 1,232 sqft
Fix & Flip or Rental (or both) Fix & Flip
Primary Financial Info: Wholesale Price: - $123,704
Rehab Cost: - $55,000
After Repair Value: - $234,080
Projected Net Profit: - $31,102
Building Type: SFH
Vacant: Yes
Parking: Street
Roof Age: 11
HVAC Age: 8
Facade and Exterior: Brick
Roofing: Shingles
Electric: Breakers
Plumbing: Copper
Laundry hook up: Yes
Sewer: Public
Water: Public
Zoning: Residential
Fix Flip Financial Pro Forma Wholesale Price: - $123,704
Rehab Cost: - $55,000
Estimated Closing Cost: - $6,650
Estimated Holding Cost: - $2500
Estimated Selling Cost: 5% of ARV - $11,704
Total Initial Investment - $194,433
Net Profit Calculation Estimated After Repair Value - $234,080
Total Estimated Investment - $194,433
Projected Net Profit - $31,102

Comp 1: 68 E Wright St - 4 bed - 2 ba - $235,000 - 01/05/2023 - Built 1949 - 1311 sq ft - 0.14 miles - $179 ft
Comp 2: 709 Prospect Ave - 3 bed - 2 ba - $220,000 - 02/01/2023 - Built 1959 - 1322 sq ft - 0.22 miles - $166 ft
Comp 3: 11 S Chester Ave - 3 bed - 2.5 ba - $243,000 - 03/21/2023 - Built 2008 - 1408 sq ft - 0.47 miles - $173 ft
Comp 4: 152 Maple Ave - 3 bed - 2.5 ba - $255,000 - 01/05/2023 - Built 2002 - 1232 sq ft - 0.49 miles - $207 ft
Comp 5: 68 E Washington Ave - 3 bed - 2 ba - $273,000 - 03/07/2023 - Built 1890 - 1340 sq ft - 0.51 miles - $204 ft

The Seller does not currently hold title to the property, but has entered into a purchase and sale agreement with the owner to acquire the property.

The Seller may not obtain legal title to the property; instead, it may assign its right to purchase the property to the buyer such that the buyer will acquire title directly from the owner. Alternatively, the Seller may obtain legal title from the owner but not until shortly before selling the property to the buyer.

The Transaction may fallout if it is not closed in time.
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Sheriff's Appraised Value
This is an estimate of the property's value as determined in accordance with Ohio state laws governing foreclosure sales, including but not limited to Ohio Revised Code Section 2329.17. Ohio state law does not require an appraisal by a licensed or certified appraiser and interior inspections are not normally performed. Bidders should not rely on this stated value in deciding whether and how much to bid.
Sale Deposit
The amount and timing of the Sale Deposit is prescribed by Ohio state laws governing foreclosure sales, including but not limited to Ohio Revised Code Section 2329.211. Failure to timely submit the Sale Deposit may result in invalidation of the sale.
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Property Details for 203 E Edgewater Ave
2,457 Views
Interior Details
Beds: 3 Beds
Full Baths: 2 Baths
Land Info
Lot Size: 3,302 Sq. Ft.
Size: 1,232 Sq. Ft.
Property Info
Year Built: 1925
Type: Single Family
Property ID: 92820308232
County: Atlantic
Other Property Info
Sub Division: NA
MLS ID: NA
Property Fees
Technology Fees: -
(Buyer Pays at Closing).
Buyer's Agent Commission: Not offered
All offers must be submitted through Hubzu.com. Offers sent via email and fax will not be considered.
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* The investment calculator and its calculations are for information purposes only. You acknowledge that these are estimates only and that (a) there are uncertainties inherent in making such estimates, forecasts, plans and projections and that you are familiar with such uncertainties, and (b) You will take full responsibility for conducting your own evaluation of the adequacy and accuracy of such estimates, forecasts, plans and projections and (c) You shall have no Claim against Altisource and its affiliates with respect to such estimates, forecasts, plans or projections. Accordingly, Altisource and its affiliates are making no representation or warranty with respect to such estimates, forecasts, plans and projections (including such underlying assumptions).

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What is an assignment contract in real estate?
An assignment contract is a legal agreement that allows one party (the assignor) to transfer their rights and obligations under an existing contract to another party (the assignee) before closing.
How does the assignment process work on Hubzu?
  • A wholesaler lists a wholesale property on Hubzu.
  • You find one that you are interested in and you place a bid.
  • If your bid is selected, you sign an assignment contract and review the original purchase agreement.
  • You proceed to closing under the original contract terms.
How does bidding work for wholesale properties on Hubzu?
Wholesale properties are listed on Hubzu, where you can place a bid like any other auction property. However, sellers can accept an offer at any time and end the auction early.
Are there any hidden fees?

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  • Your final bid amount.
  • The buyer's premium charged by Hubzu.
  • Standard closing costs like title and escrow fees, just like any other real estate transaction.
What documents will I receive before closing?

You'll receive:

  • The assignment contract (which transfers the wholesaler's contract to you).
  • The original purchase agreement (so you can review all terms).
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