Reduced Incredible Seminole County Opportunity! – FL 32771 For Sale

  • $199,900
  • 3 beds
  • 1 baths
  • 1,090 sqft

Property Description:

This property is located in one of the nicer parts of Downtown Sanford, just blocks from Lake Monroe and the restaurants/shops.  On the tax records, the property shows as a 2/1 with 978 sf, but it is actually a 3/1 with 1,090 sf.  In addition, you also have a back porch that could be turned into a laundry area under air, which could land an additional 50 sf, for valuation sake.

The property is an older home, but the bones are good.  The floors are all sturdy and no signs of termite damage.  Windows do not need to be replaced and the A/C is probably mid-life.  The property has a good layout, but you may want to open up the kitchen a little bit to maximize your value after rehab.  You will need cosmetic updates throughout.  The roof will need to be replaced.  Electrical box has been updated recently.  Plumbing, we are not sure about, so I would factor it in just in case.

As for comps, we only used sales in the direct vicinity that were similar in size and in age.  The average of the comps that have been updated is 340/sf.  We feel $360,000 is a very fair ARV to sell quickly, which is under the average.

*Property is to be conveyed with tenant in place.   They are on a month to month lease, and will need to be given notice to vacate

Price:
$199,900
Address:
Laurel Ave
Sanford, FL 32771
Square Feet:
1,090
Lot Size:
0.08 Acres
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1929
Basement:
Moderate
Const. Type:
Frame
MLS #:
$350,000

Call (321) 379-5777 for more details

Property Location