Property Description:
This 3-bed, 2-bath, 1,968 sf block home built in 1966 sits on an 8,494 sf lot in a quiet St. Petersburg pocket just west of 4th St S and south of 50th Ave S. The property features a 2-car garage, in-ground pool, and solid mid-century structure ready for a full cosmetic transformation. Major systems are in place, including a new 2024 roof, updated windows/doors (2014), and HVAC (2016), offering a strong foundation for a value-add flip. Property sits in Flood Zone X (no flood insurance required).
🛠️ Rehab Scope
- Full interior remodel (kitchen, baths, flooring, paint, fixtures)
- Pool resurfacing, tile refresh, and pump service
- Exterior paint, trim, and landscaping for curb appeal
- Light plumbing and electrical tune-ups as needed
- General deep clean and minor wood/fascia repair
🔵 Comparable Sales
- 821 51st Ave S – 3/2 1,491 sf | 9,583 sf lot | 1963 | Updated – Sold $420,000 ($282/sf)
- 648 Myrtle Way S – 2/3 1,895 sf | 0.40 ac | 1950 | Fully Renovated – Sold $590,000 ($311/sf)
- 521 51st Ave S – 3/2 2,117 sf | 0.28 ac | 1960 | Modern Finishes – Sold $610,000 ($288/sf)
- 5219 4th St S – 3/2 1,455 sf | 7,309 sf lot | 1974 | Average Condition – Sold $400,000 ($275/sf)
📈 Lot & Condition Analysis
The subject’s 1,968 sf footprint with pool aligns closest to the Myrtle Way S and 51st Ave S comps.
Renovated homes in this area average $280–$310 per sf, supported by modernized finishes and outdoor appeal.
Given size, garage, and pool, this property could confidently support the upper-$500Ks ARV range once fully updated.