Prime Lake Arrowhead Deal – Updated Home with Huge Value-Add Basement!

4 Beds / 3.5 Baths • 2,963 SqFt
Offer Submission Deadline
  • Single Family House
  • 4
  • 3.5
  • 1999
  • 2963
  • 22215
  • Attached Garage

Description

Property Address:

118 Council Oak Loop, Waleska, GA 30183

Lake Arrowhead, GA – Gated Community

Property Overview:

Description: Prime opportunity in the high-demand Lake Arrowhead gated community. This 4-bedroom, 3.5-bath home spans approximately 2,963 sq. ft. and includes an unfinished basement. Built in 1999, the home features granite countertops, updated kitchens and baths, refinished hardwood floors, tile flooring.

Condition: Move-in ready with value-add potential (unfinished basement).

Occupancy: Vacant

Deal Details:

Deal Type: Fix & Flip / BRRR / Mid-Term / Airbnb

Asking Price: $330,000

ARV (After Repair Value): Estimated $550,000+ (based on recent comps sqft)

Comparable Sales:

  • 125 Corner Oak Ct – 4 Bed / 3 Bath / 1,466 SqFt – Sold for $410,000 (Feb 2025)
  • 161 Corner Oak Ct – 4 Bed / 3 Bath / 3,012 SqFt – Sold for $585,000 (Jan 2025)
  • 122 Council Oak Loop – 2 Bed / 3 Bath / 1,841 SqFt – Sold for $400,000 (Oct 2025) $218/sqft

Property Condition:

HVAC: Working, solid condition

Roof: Good condition (no reported issues)

Foundation / Plumbing / Electrical: All in good working order

Additional Notes:

Partially unfinished basement offers strong upside potential for added living space, in-law suite, or rental unit. Located in a secured, amenity-rich lake community with high buyer demand. Primary suite on the main level with updated ensuite. Includes a 2-car garage and ample driveway parking.

Buyer Responsibilities: Buyer pays all closing costs; EMD amount 5k

Estimated Spread

  • ARV $550,000
  • Price $330,000
  • Spread $220,000

Similar Properties