1/9

Active

$116,000

2 beds · 1 baths · 1,392 sqft

3406 & 3408 Veterans Memorial Parkway, Lanett, AL 36863

Great deal

Priced about $169,761 (59%) below comparable homes. Estimated market value $285,761, based on 272 comparable homes in the metro.

Estimate from Veribas listing comps — a guide, not an appraisal.

About this home

A corner lot spanning 0.86 acres hosts both a residential house and a commercial building, presenting a prime location for a business opportunity. On-site structures include a concrete block storage building and a metal storage building. House was built in 1940 and is appx 1392 sq ft. Commercial building was built in 1979 and is appx 1120 sq ft. Both are total electric. Property is being sold as-is, with financing limited to cash or a conventional loan.

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© 2026 Veribas Real Estate LLC · (833) 837-4227 · Georgia Broker Lic. H-81905 · Qualifying Broker: Ahsan Charania, GREC #417366. Veribas Real Estate LLC is a licensed Georgia real estate brokerage. We are not a lender or mortgage loan originator; all financing is provided by independent NMLS-licensed lenders, and payment figures on this site are estimates only. Listing information is deemed reliable but not guaranteed and should be independently verified. We are committed to the federal Fair Housing Act and the Equal Credit Opportunity Act.

Offer insights

Choose an offer strength

List price: $116,000

$115K–$116K

70% to 90% chance of a winning offer

Just under asking — competitive when the home is fresh.

Balanced-market odds from list price and typical winning offers — your agent tunes this to the street. Ask a Veribas agent before you commit a number.

Fix & flip numbers

Fewer than 3 renovated homes like this sold within 3 miles in the last 18 months, so we don’t estimate an after-repair value. Enter your own, or ask a Veribas agent to pull comps.

Rehab scope

Kitchen, baths, floors, paint, some systems

Purchase price70% rule max: $0After-repair valueRehab budget$45/sqftMonths held

Walk it with an agent More fix-and-flip homes →

Investor figures are automated estimates, not an appraisal or an offer of financing. The after-repair value is the median price per square foot of renovated homes that sold nearby in the last 18 months, applied to this home’s size; rehab and holding costs are typical budgets, not a contractor’s bid. Walk the home with a contractor and confirm the comps with your agent before you offer.

Payment calculator

$833/mo

Principal, interest & taxes · $867/mo with home insurance

Principal & interest$717

Property taxes$116

Home insurance$34

Down payment$11,600 (10%)

Interest rate7.320%

Starts at today’s national average for a 30-year fixed, 7.32% (week of Oct 22). Not an APR or a loan offer. Estimates only — taxes at 1.2%/yr and insurance at 0.35%/yr of price. Get exact terms from a lender via pre-qualification.

Assumable loan?

If the seller has an FHA, VA or USDA mortgage, you may be able to take it over and keep their rate, often far below today’s. This listing doesn’t say. Ask, and a Veribas agent will check the seller’s loan and tell you the rate, the balance and what you’d need down.