Property Description:
This 2-bed, 1-bath, 1,260 sf block bungalow built in 1961 sits on a 6,750 sf lot in Sarasota’s Alta Vista neighborhood. Property has a carport and solid bones, but interior and exterior both need modernization. Systems appear dated (roof, HVAC, windows, electrical) and should be budgeted for replacement. Delivered vacant.
🛠️ Rehab Scope
- Replace roof (age appears older; assume end-of-life)
- Install new HVAC system (no recent permits; likely original/older)
- Update electrical panel + fixtures as needed
- Replace windows (older single-pane observed)
- Full interior cosmetic renovation: kitchen, bath, flooring, paint, trim
- Exterior paint + landscaping
- Carport cleanup + minor soffit/fascia repairs
- General cleanup + curb appeal improvements
🔵 Comparable Sales (2/1 ONLY)
- 2338 Wood St – 2/1 | 1,116 sf | 0.31 ac | 1947 | Closed: $451,200 ($404/sf) – High-end renovation
- 935 Rhodes Ave – 2/1 | 987 sf | 5,477 sf | 1972 | Closed: $350,000 ($355/sf) – Updated
- 2917 Oak St – 2/1 | 1,047 sf | 5,796 sf | 1954 | Closed: $317,000 ($303/sf) – Clean & average condition
📈 ARV Conclusion
Given subject home is larger (1,260 sf) than all comps, sits in the same immediate pocket, and assuming a full 2025-level renovation, a realistic resale range is:
ARV: $399,000 – $420,000
Higher end achievable with premium finishes + full system replacements.