Owner
$490,588
3001 SCARLET OAK CT, VIRGINIA BEACH, VA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
3
sq. ft.
2,105
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Average Condition
Living Area
Attached Garage
1 Story
Forced Air Unit
Frame
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1992
Building Size
2,105 sq ft
Lot Size
13,802 sq ft
Lot Size (Acres)
0.32 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
149-722-51090-000
County
Virginia Beach City, Virginia
Metro Area
Virginia Beach-Chesapeake-Norfolk, VA-NC
Zoning
R75
Neighborhood/Subdivision
LYNNHAVEN WOODS SECTION THREE
Lot Number
12
School District
Virginia Beach City Public Schools
Legal Description
LYNNHAVEN WOODS SECTION THREE BLK A LOT 12
Tax & Value Information
Market Value (Total)
$417,200
Building Value
$277,200
Land Value
$140,000
Annual Property Tax
$4,047
Tax Assessment Year
2024
Assessed Value
$417,200
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
5/8/2014
Recording Date
5/12/2014
Sales Document #
2014.414080
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$18,983
Return on Investment
15.60%
After Repair Value
$539,647
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$441,529
Renovation Cost
$24,529
Closing Costs (buying)
$8,831
Holding Costs
$13,396
Selling Costs
$32,379
Total Investment
$121,666
After Repair Value (ARV)
$539,647
Total Costs
$520,664
Estimated Profit
$18,983
Cash Invested
$112,835
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area