Listing Review: 5760 Green Oaks Drive

August 8, 2017
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This property is situated on nearly 1/2 acre and resides in the highly regarded Green Oaks neighborhood. The community pool and tennis courts are just steps away as is the Highline Canal Trail. 

Though outdated and in need of some love, this home is in great condition. The unfinished basement is a blank canvas with a separate entrance if needed.

While the potential is seemingly endless, this property will require a buyer with either plenty of funds to handle a major renovation, or one with patience and plenty of skill to finish off the projects piecemeal. In either case, once done, this property has the potential to shine.

At at current asking price of $850k, the sellers have already reduced in price by $100k from initial list, but this is the entry point in order to get into such a neighborhood. I feel that the sheer amount of work to bring this home up to date is the determining factor among a majority, if not all, prospective buyers. Perhaps this is a good opportunity for a high-end rehabber? Ultimately, I believe the price may reduce a bit further prior to going under contract and will close in the low $800k’s.

This property is Listed by JGR PROPERTIES INC