Property Description:
This 3-bed, 2-bath block home offers 1,925 sq ft of living space on a 0.28-acre corner lot in SE Cape Coral. Built in 1992 with a 2-car garage, the property already has a new roof from 2022. However, ceiling damage from before the roof replacement was never addressed, and the AC system needs to be replaced. With strong bones, curb appeal, and a great layout, this is a classic cosmetic rehab with immediate upside.
🛠️ Deferred Repairs – AC & Ceiling Restoration
The home will need a new HVAC system and ceiling repair due to prior water damage that occurred before the roof was redone. Interior updates (paint, fixtures, flooring) are also recommended to bring the property to market standard. Overall, this is a light-to-moderate rehab in a desirable part of the Cape.
💰 Market Comps – Larger Size Creates Spread Opportunity
🔵 Closed Sales
2507 SE 8th Ave – 3/2, 1,277 sq ft, 10,160 sq ft lot, built 1988 → Sold $270K ($211/sq ft)
2404 SE 8th Pl – 4/2, 1,438 sq ft, 10,160 sq ft lot, built 1996 → Sold $210K ($146/sq ft, dated)
619 SE 26th Ter – 3/2, 1,234 sq ft, 10,000 sq ft lot, built 1999 → Sold $300K ($243/sq ft)
🟡 Active Listings
504 Retunda Pkwy W – 3/2, 1,429 sq ft, 0.26-acre lot, built 2003 → Listed $319,999 ($224/sq ft)
1201 SE 23rd St – 3/2, 1,356 sq ft, 10,018 sq ft lot, built 1989 → Listed $319,900 ($236/sq ft)
1011 SE 25th Ln – 3/2, 1,695 sq ft, 10,018 sq ft lot, built 2015 → Listed $375K ($221/sq ft)