Million dollar Fixer in Chatsworth, Ca
We are proud to present this Million dollar fixer-upper property for your attention! Its a 5 bedroom, 4 baths, 4876 square feet home in one of the best neighborhoods in Chatsworth. Located on a small cul-de-sac street it has huge lot – big enough for a pool and a basketball court! This home was lonely sitting on Zillow “FSBO” page where it was not receiving any attention from local realtors because it was unclear how and when they would get paid. We signed a listing agreement with only 1% listing and 2.5% buyers agent commission and listed it in CRMLS.
Although not updated – inside its original ceramic tile kitchen and baths, dated carpet and plastic tiles on the floor, I see this house as a canvas for a new owner. This is the type of house where the buyer would not be questioning himself regarding upgrades – ” Should I keep this kitchen cabinet or not?”, “Can I save this granite counter top while replacing the cabinets?”. These questions are already answered for you! You gotta do it all and it will be perfect when its done!
Buyers LOVE these types of fixer uppers where “investors premium” already reflected in the price! Once fixed up, this home can fetch close to $1,800,000 while requiring only $100,000 for upgrades!
Marketing for this home consisted of taking beautiful wide-angle photos, 3 weeks of open houses, an e-mail blast to over 2500 agents in the Valley who sold homes over $600,000 in the last year, Facebook and Adwerx ads and the listing in MLS. As a result of our marketing program we were able to obtain a full price offer from a qualified buyer!
Million dollar Fixer Upper properties like this dont come on the market too often and highly sought after by house flippers and investors because they offer a true and considerable profit. owner also saved close to $27,000 on commissions because he paid only 1% listing agent and 2.5% buyers agent commission!