BUY NOW $235K
- Above-grade SQFT: 1,065
- 3 Bed / 1 Bath (w rough in ready in basement)
- Total SQFT: 2,065
- Below grade: ~1000 square feet basement (buyer to verify)
- Lot: 8,000 SF (0.184 ac) — big flat yard
- Property type: 1-story (older Cape/1.5-style feel) + lower level
- Year built: 1935 – Remodeled in 2004
- Ask: $230k
- ARV: $390k
- Legal Subdivision: Spaulding Heights
- Exit fit: Flip / Buy & Hold
2) CONDITION SUMMARY
Full update scope, but major exterior/system boxes are partially checked.What’s solid
- Windows replaced last year
- Roof + HVAC ~10–11 years
- Hardwood floors present on main level
- Sump pump present
What needs work
- Kitchen: full update (tight/galley footprint)
- Bath: update
- Flooring/paint/fixtures/trim: throughout
- Lower level needs to be addressed
- Deck/steps need attention
3) PHOTO-BASED OBSERVATIONS
- Main level: hardwood floors in primary living areas; cluttered but usable layout once cleared.
- Kitchen: narrow galley setup—updates will be finish-driven, not layout-driven.
- Lower level: low ceiling height with soffits/beams; finished tile areas with multiple rooms/zones.
- Backyard: flat and functional—strong for resale/rental demand in this pocket.
4) COMPS
- 4602 Boosa St – $375k
- 1131 Jansen Ave – $419,980
- 1512 Nova Ave – $409,999
5) EXIT STRATEGY POSITIONING
Flip Angle
- Fits a buyer who wants a smaller footprint project with a clean yard and straightforward finish scope
- Win condition: clean main level finishes + tight bathroom/kitchen + clean lower-level presentation
6) WHY THIS DEAL WORKS
- Good spread in desirable Capitol Heights close to DC
- Windows replaced last year
- Roof/HVAC ~10 years
- Flat 8,000 SF yard helps resale and tenant demand
- Lower level provides extra usable space