Reduced Cosmetic Rehab In Nice Volusia County Neighborhood! – FL 32720 Pending

  • $207,500
  • 3 beds
  • 2 baths
  • 1,992 sqft

Property Description:

Super clean fix and flip in Oak Hill Park.  Property is a 3/2 with an office. The porch on the left side of the house was converted, giving the property just under 2,000 sf.

The roof was redone in 2018,  the AC was just recently done and the water heater is 5 years old.  There is one small piece of roof that will need to be fixed in the back.  You will also need to replace the electric panel inside the house.  Other than these items, everything else is cosmetic.    You have a lot of tile and original hardwood throughout the house to work off of.  The bathrooms will need to be fully gutted, but you could potentially resurface and put new hardware on kitchen cabinets.  Some paint in and out, fixture, and a few other odds and ends will wrap things up for you.

For comps, every Active that is not selling is priced well into the $200/sf range.  Stuff that has sold or pending, rehabbed or not, within the last 4 months has been between 160/sf and 224/sf.  The average pp/sf for active, pending, and sold is 210/sf.  We are estimating our ARV between $150/sf and $158/sf, more than taking into account the current state of the market.  We feel this is a homerun no matter how you slice it.

Price:
$207,500
Address:
Spanish Ln
Deland, FL 32720
Square Feet:
1,992
Lot Size:
0.24 Acres
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1965
Basement:
Cosmetic
Const. Type:
Block
MLS #:
$315,000

Call (321) 379-5777 for more details

Property Location