4542 Aldersgate Rd
Memphis, TN 38117
Property Image: No image description provided.
Property Image: No image description provided.
Property Image: No image description provided.
  • MLS ID:Click for MLS pics
  • Type:Single Family Detached
  • Beds:5
  • Baths:2
  • Size:3,800 Sqft
  • Lot:0.51 Acres
  • Year Built:1962
Description: Investors / Rehabbers / Builders -- this is your next deal! As-is House Flip Opportunity -or- Teardown / Infill Homesite for new construction. This as is fixer upper is priced below market value at $250K OBO. Up to $600K ARV depending on level and quality of finish on a full rehab or $1M for new construction. Perfect for investors, rehabbers, renovators, handyman team, or house flippers who can handle a whole house fix and flip project. Some work has already been completed including: demo work, new roof, new windows. Structurally, the house appears to be sound; but you make your own assessment. House is open daily, call for times. Bring a flashlight.
IMPORTANT INFORMATION: Submitting your paperless offer here is not binding. Should the seller agree to your terms, they will invite you to make a formal, traditional offer via standard contract. Also note the seller has chosen to collect offers with our "Private Offer Platform", which means your terms will not be seen by the public. However, the seller may choose to upgrade to our "Competeive Bidding Platform" later should they receive multiple offers, making all previous offers public and open to competition, including yours.

Terms and Conditions of Sale:
Type of Sale: Traditional
Acceptable Financing: CASH ONLY
Earnest Money Deposit: 1%
Other Information: CASH ONLY. PLZ READ FULLY and text questions to 314.973.5263: 1) Despite the previous section boilerplate language to the contrary: NO OFFER WILL BE ACCEPTED BEFORE END OF THE BIDDING PERIOD & NO OFFER WILL BE ACCEPTED THAT WAS NOT PART OF THE ONLINE BIDDING. 2) When the online bidding period ends, the top bids will be invited to submit their HIGHEST & BEST offer on a Realtor-approved form. 3) Formal offers will be evaluated/vetted for viability to close and fund. 4) The Owner will be presented the 3 top bids and will choose one as primary + backup. 5) ONLINE BID DEADLINE: 12:30 pm on Wednesday Oct 10th 2018 6) We recommend making a "practice" bid of $250K well before the bidding deadline. (Plz disregard the system-generated PDF documents if they are not part of your local board forms).
Status: Deactivated
List Price
Est. Market Value
Minimum Bid
Days to
Home Sale
EMD Cash

Seller Addendum

This feature gives the seller the opportunity to tweak the terms of the standard local contract that is the basis of a buyer's offer. By creating this addendum, the seller is outlining changes they seek to the standard local contract and will expect this signed addendum to accompany the winning buyer's formal offer should the buyer agree to the terms outlined within.

If the seller is not requiring acceptance of their terms, buyers may reject the terms outlined in the Seller Addendum and still place their bid, but they should do so knowing that a competing party with a similar offer, which agrees to the seller's terms, may be chosen instead of them to make a formal offer and purchase the property.

Agents should note that while BidLion does provide a general, default template option that allows the listing agent to create a Seller Addendum with ease, the terms within the Seller Addendum are always customized to fit the property and address the seller's wishes. Thus, the terms outlined within the Seller Addendum are, in fact, the seller's terms and should not be thought of as terms that BidLion is advocating in any way.

When creating a Seller Addendum, all agents are advised to make a conscientious effort to outline terms that do not conflict with their local real-estate laws and are fair to both parties of the real-estate transaction.


Appraisal Addendum

Low appraisals are becoming more common and can destroy a real estate deal unless the parties involved can mutually agree on a solution should this scenario occur.

For such cases, BidLion has created the Appraisal Addendum feature, which allows the buyer to express their capability and/or willingness to work through this problem with the seller should it occur after contract ratification. This eliminates surprise, gives both parties clarity on what will happen should the situation arise, provides the buyer with yet another tool to separate themself from the competition, and provides the seller with yet another tool to evaluate that competition.

(NOTE: The Appraisal Addendum is not required and is irrelevant to the buyer who is incapable of paying, or unwilling to pay more than the appraised value. Accordingly, such a Buyer is denoted in this column with "0%".)

* These offers have attached comments or conditions (Click the bid's net offer figure to read).
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