Property Description:
This 2-bed, 2-bath block home offers 1,228 sq ft of living space on an 8,449 sq ft lot in Sarasota’s 34234 zip code. Built in 1958, the property needs a full rehab, including structural settlement repair.
🛠️ Full Rehab – Structural + Cosmetic
The home needs settlement repair, typically costing $20K–$30K for a home this size. Beyond that, the property needs a roof, full cosmetic updates, flooring, drywall repair, paint, fixtures, and kitchen/bath updates. AC is from 2008 but working. Most repairs are cosmetic in nature outside of the settlement issue.
🔴 Sold Comps
836 32nd St – 2/2, 931 sq ft, 1971 build → Sold $400,000 on 4/17/25 ($430/sq ft) – Fully rehabbed
1236 35th St – 2/2, 1,256 sq ft, 1973 build → Sold $425,000 on 5/23/25 ($338/sq ft) – Similar size, clean updates
767 40th St – 2/2, 1,007 sq ft, 1966 build → Sold $555,000 on 5/19/25 ($551/sq ft) – Premium-level rehab
📍Your property is larger than two of the comps and sits in the same area. Once rehabbed, ARV should conservatively fall in the $499k +/- range depending on finishes and quality of structural correction.