Flip report generated Dec 13, 2024
The Flip Potential of
237 Summit Ave Hagerstown, MD
home
is medium.
Current Specs
2 Bed / 1 Bath
800 sqft
$162 per sqft
Estimated Value$129,908
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 237 Summit Ave:
Add 250 sqft...
+$28,646 (22.05%)
New Potential Value$158,554
Add a bedroom...
+$15,242 (11.73%)
New Potential Value$145,149
Add a bed & bath...
+$29,726 (22.88%)
New Potential Value$159,633
Flip Advice
This property at 237 Summit Ave in Hagerstown, MD, is a 2-bedroom townhouse with a modest size of 800 sqft. Given its location in the Historic Heights neighborhood and the average valuation of comparable properties around $158K to $159K, there’s potential for appreciation. However, the property’s age and condition suggest it will require significant upgrades, which could limit profitability.
To enhance its appeal for resale, consider a cosmetic renovation focused on modernizing the kitchen and bathroom, along with minor landscaping improvements. Given the current list price of $140K, investing around $20K to $30K in upgrades could position the property competitively in the market, potentially yielding a better return upon sale.
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237 Summit Ave
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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.