You’ve got a solid spread here. At the current list price of $229,000 ($124/sqft), you are buying well below the neighborhood median of $132/sqft. Based on local comps, a fully polished version of this home should command a significantly higher price.
| | Estimated Value |
| :--- | :--- |
| Current List Price | $229,000 |
| Estimated ARV | $265,000 - $280,000 |
| Potential Equity Gain | $36,000 - $51,000 |
Look at 8606 Silver Quail nearby—it’s the exact same size (1,843 sqft) and is valued at $281,300. If you tackle the "finishing touches" the seller mentioned, like modernizing the flooring and fixtures, hitting that $275k+ mark is very realistic for a 4-bedroom in this pocket.
Since the tax assessed value is currently $294,280, you’re actually buying below the county's valuation. This is great for instant equity, but keep an eye on those property taxes; you might want to protest the assessment next year to keep more cash in your pocket.