Property Description:
This 4-bed, 2-bath, 1,728 sf brick home built in 1973 sits on a nice sized, 0.84-acre lot, just minutes from Historic St. Andrews and downtown Panama City. The property features solid block construction with a carport-style parking area and brick exterior—ready for full interior and exterior renovation. The roof is passed end of life and will need replacement. Structurally sound overall, but the home requires a complete cosmetic overhaul inside and out to reach full retail value.
🛠️ Rehab Scope
- Replace roof (end of life)
- Full interior renovation: kitchen, baths, flooring, paint, fixtures
- New HVAC system (if original) and electrical/plumbing tune-up
- Exterior paint and window/door updates for curb appeal
- Tree clearing and full landscape cleanup across the oversized lot
- Driveway grading or resurfacing as needed
🟣 Comparable Sales
- 121 N Cove Ln – 3/1 | 1,897 sf | 1950 | $378,500 ($200/sf) – Renovated, mid-century brick, smaller lot
- 105 N Cove Ln – 3/2 | 1,869 sf | 1950 | $404,000 ($216/sf) – Updated interior, similar size, smaller lot
- 216 Elm Ave – 3/2 | 1,699 sf | 1950 | $270,000 ($159/sf) – Average finish, moderate lot
- 515 N Center Ave – 3/1 | 1,260 sf | 1945 | $150,000 ($119/sf) – Inferior condition and smaller
- 1905 Tyndall Dr – 3/2 | 1,560 sf | 1948 | $589,000 ($378/sf) – Premium waterfront, high-end rehab
Based on nearby renovated brick homes from the mid-20th century, adjusted for its larger 0.84-acre lot and 1970s build, the projected ARV falls between $299,000 – $340,000 ($195 – $215/sf) depending on finish quality.