This 3-bed, 1-bath single-family home in Brookfield (1,123 sqft, listed at $275K) is definitely a project. It’s being sold as-is and needs repairs, which is ideal for a flip. Looking at neighborhood comps, updated homes with similar size and bed/bath counts are valued between about $310K and $355K, and the average price per sqft is around $320. Your property is currently priced at about $245/sqft, leaving some headroom for value creation.
To boost appeal for buyers or investors, focus on core updates—think kitchen, bath, and curb appeal. If you’re a homeowner not looking to flip, even modest repairs and cosmetic upgrades could help you price closer to the local average. For investors, be ready for the cost and hassle of a full renovation. Don’t overspend: keep your reno budget tight to protect your upside.