By The Numbers
- ARV (After Repair Value): $90,000 – $105,000
- Purchase Price: $30,000
- Repair Estimate: $48,300
- Profit Potential $12,000 to $18,000
Highlights
- Single floor living with potential for finished basement
- Mostly cosmetic work needed
- Starter home potential which is much needed in today’s market
Photos Link
*GIS Map and Floor Plans Included
https://photos.app.goo.gl/HLKZ7eaH11TL37Eo9
Repair Estimate
Total Estimated Repair $48,300
(rental upgrade)
Property Details
- Beds: 2
- Baths: 1
- Square Footage: 675 sqft
- Lot Size: .28 Acres
- Year Built: 1939
- Zoning: Residential
- Stories:1
- Heat: Oil Hot water. Condition and age unknown.
- Electric: 100 Amp Age unknown. Potentially knob and tube
- Plumbing: Mix. Upgraded as needed over the years.
- Water: Public
- Sewer: Public
- Roof: Shingle, Age unknown. No Leakes
- Foundation: Block
- Windows: Original wood
- Water Heater: Electric. Condition and age unknown.
- Garage: None
- Features: Enclosed sun porch.
- Flooring:Mixed. Needs replaced or refinished
- Flood Zone: No
- Mold Noted: No
- Water Damage: No
- Water in Basement: Trickle across the floor after a hard rain. Runs out the floor drain
Comparable Sales
*these comps are all pulled from Zillow.com, we recommend any potential investor do their own due diligence and use these as a point of reference only
ARV (After Repair Value) Comps:
https://www.realtor.com/realestateandhomes-detail/408-E-14th-St_Clearfield_PA_16830_M3518 2 bed, 1 bath, 1001 sqft, 6534 sqft lot, Less than 1 mile from subject property
Sold for $118,000 on 4/24/24,
PPSF (Price Per Square Foot): $117
Mid to High End ARV
https://www.zillow.com/homedetails/815-Barclay-St-Clearfield-PA-16830/78590940_zpid/
2 bed, 1 bath, 1172 sq ft, 3920 sqft lot, 1.5 miles from subject property
Sold for 120,000 on 3/11/24,
PPSF (Price Per Square Foot): $102
Mid Range ARV
*
Limited Comps available due to location and smaller sized property
ARV (After Repair Value) Estimate
Average PPSF: $109.5
Subject Property Finished Sqft: 675
ARV Estimate: $90,000 – $105,000
Town Overview
Clearfield, PA, is a historic town in Clearfield County, located along the West Branch of the Susquehanna River. Once known for coal mining and lumber, it now offers outdoor recreation, local history, and a tight-knit community.
- Economic/Jobs: As of 2024, Clearfield has an employment rate of about 60%, with key sectors including healthcare, manufacturing, and retail. Healthcare, led by Clearfield Hospital, is a significant employer, while retail benefits from the town’s role as the county seat.
- Education: Clearfield Area School District serves the town, with Clearfield Area High School and several elementary schools. Nearby Penn State DuBois and Lock Haven University offer higher education options.
- Lifestyle & Amenities: Clearfield offers a relaxed lifestyle with access to parks, local shops, restaurants, and outdoor activities like fishing and hiking. The town also hosts events like the Clearfield County Fair, adding to its community atmosphere.
Contact Us to Schedule a Walkthrough
The Melito & Koch Team
- Team Line: 814-201-6172
- Email: jay@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures
- ORAL CONSUMER NOTICE:
We are agents, but not YOUR agent until a representation agreement is signed. Real Estate Law requires us to provide a written notice describing various business relationships you may have with a real estate licensee. Information shared at this time is not confidential unless a business relationship is established. - HOLD HARMLESS ACKNOWLEDGEMENT:
All investment data is for informational purposes only. Real estate investment carries inherent risk. The Melito & Koch Team and associated entities are not liable for any reliance on the data provided. Always conduct your due diligence and consult financial/legal advisors. - DUE DILIGENCE:
This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.
