Millcreek — S 1000 E

About this deal

1939 Millcreek bungalow at $399K against a $575K MLS-verified ARV — 3/2 with a finished basement on S 1000 E, where the seller's $610K claim runs ~$35K rich and the spread depends on the update.

Three-bed, two-bath 1939 bungalow on S 1000 E in Millcreek — roughly 1,100 square feet over a finished basement on a 0.10-acre lot, with a roof in good shape, a newer furnace and water heater, older windows, and a secluded backyard. The after-repair value lands at $575K rather than the $610K claimed, because the two nearest sold comps — same street and two blocks over — both closed at $515K while the $600K-plus comps in the set are larger and fully renovated. At $399K the ask sits near 69% of ARV, so the spread is made in the update rather than the buy. The one functional caveat is evaporative cooling instead of central air, which is the clearest reason it prices below the renovated comps.

Red Valley Real Estate presents every deal in the same format — asking price, ARV, and projected rent — so you can compare opportunities side by side. The ARV we show is our OWN conservative comp-based estimate, not the wholesaler's number: we comp every deal independently and lean to the low end, then show the wholesaler's claim beside ours so you can see the gap. We only publish an ARV once our licensed agents have confirmed it against MLS sold comps — until then it reads "Pending MLS verification." We don't publish rehab numbers we can't stand behind: where you see a rehab range, it comes from our review of the property photos, and you can test your own assumptions with the calculators below or ask us to arrange a contractor walkthrough.