This is the cheapest active, pending, and sold in the last year within College Park proper. This is going to be walking distance to the up and coming Packing District, which broke ground last month. Smith is a busier road, but I only comped it with homes on this Road.
The way we broke it down after analyzing the property, we feel you have 3 main options. You could keep it as it is with a 1 car garage and 771 sf, and rehab it. You could enclose the garage and utilize that sf, making the home 1,012 sf. Lastly, you could tear the house down and build new. You have plenty of new builds that sit on South and Princeton, that are fetching $700,000 and up. The difference between the 771 and 1,012 sf is *$265,000 to $300,000 0r so.
As a rehab, you will need a new roof, new ac, paint in and out, add a paver driveway, flooring (refinish or new), open up the kitchen wall and install a new kitchen, new bath, paint in and out, and landscaping.