Property Description:
This 1,426 sq ft 2-bed, 2-bath block home with a 1-car garage sits on a 5,227 sq ft lot in Port Richey. Built in 1974, the home has a solid block-on-slab foundation, a newer roof from 2021, and central HVAC from 2007.
The property is a cosmetic flip opportunity—interior updates are needed including fresh paint, flooring, kitchen and bath remodels, and fixture replacements. Exterior improvements like landscaping, pressure washing, and curb appeal upgrades will help push resale value to the top of the market range.
🔴 Recently Sold / Pending
· 8702 Congress St – 1,156 sq ft, built 1975 → Sold $235,000 ($203/sq ft) – updated
· 6636 Carnation Way – 1,372 sq ft, built 1977 → Sold $240,000 ($175/sq ft) – updated
· 8640 Spanish Moss Dr – 1,286 sq ft, built 1974 → Sold $285,000 ($222/sq ft) – updated
· 6431 Gainsboro Dr – 1,037 sq ft, built 1969 → Sold $215,000 ($207/sq ft) – updated
✅ ARV Conclusion
Comps are closing between $175–$222 per sq ft, with most clustered around $200–$215 per sq ft. Applying this range to the subject’s 1,426 sq ft footprint supports an ARV of roughly $285,000–$305,000, with the higher end achievable if the home receives a clean, modern renovation and strong exterior presentation.
With its newer roof and block construction, this property is well-positioned for a light-to-moderate cosmetic renovation and offers solid spread potential for investors.