Flip report generated Jan 16, 2025
The Flip Potential of
15840 Teak Pl Elbert, CO 80106
is medium.
Current Specs
3 Bed / 2 Bath
2,460 sqft
$276 per sqft
Estimated Value$680,000
Flip Advice
The property at 15840 Teak Pl, Elbert, spans over 2,460 sqft and sits on a spacious 5-acre lot in a desirable area. The comps indicate strong valuations, with similar properties averaging around $715K to $738K. However, the home's age may require significant renovations to maximize its appeal to buyers. The unfinished basement presents an opportunity for added value, but the current state may deter immediate buyers.
To enhance flip potential, consider making strategic updates that improve both interior and exterior appeal. Focus on modernizing the kitchen and bathrooms while enhancing curb appeal with landscaping. Given the property's size, adding usable outdoor spaces or features may also attract buyers looking for a rural lifestyle. Overall, market wisely to capitalize on nearby comps.
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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.