Flip report generated Jan 5, 2025
The Flip Potential of
623 Ridgewood Dr West Lafayette, IN
🏡
is medium.
Current Specs
0 Bed / 2.5 Bath
3,400 sqft
$208 per sqft
Estimated Value$708,347
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 623 Ridgewood Dr:
Add 250 sqft...
+$40,458 (5.71%)
New Potential Value$748,805
Add a bed & bath...
+$35,578 (5.02%)
New Potential Value$743,925
Flip Advice
The property at 623 Ridgewood Dr, located in the desirable Hills and Dales neighborhood of West Lafayette, has significant potential due to its spacious layout of 3,400 sqft and a decent lot size of 14,104 sqft. Recent comps in the area, with valuations around 743K-748K, indicate a strong market. However, the property's age (built in 1939) may necessitate renovations, impacting the ROI.
To maximize flip potential, consider cosmetic updates and minor structural improvements. Given the recent valuation estimates ranging from 666K to 755K, investing in kitchen and bathroom upgrades could significantly enhance the property’s appeal and resale value. Ensure that the renovations align with buyer preferences in this upscale neighborhood.
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The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.