This property at 1407 Live Oak Dr, Hammond, is a classic 3-bed, 3-bath single family home with 1,580 sqft, listed at $42K. It’s a true fixer-upper in an area where the median sold price is about $235K and comps with similar size and bed/bath count suggest ARVs in the $75K–$112K range. Homes here typically sell for $133–$153 per sqft once renovated, so there’s a potential value gap if rehab costs are managed smartly. However, the house has been sitting for over a month, and the price has dropped from $60K, signaling possible challenges or needed repairs.
If you’re an investor looking for a flip, focus on essential upgrades—think systems, curb appeal, and modernizing kitchens and baths without over-improving for the area. For homeowners, some basic cosmetic fixes (paint, fixtures, floors) could make the home more marketable and help you catch buyers’ eyes. Watch your renovation budget closely and get a proper inspection to avoid surprise costs. The location near shopping and SLU is a selling point, but the house’s age and condition mean you’ll need to be hands-on.