Property Description:
This 3-bed, 2-bath block home offers 1,555 sq ft of living space on a generous 10,454 sq ft corner lot in a quiet Palm Bay neighborhood. Built in 1981, this solid home comes with major system updates already completed — new roof and AC (2021) and a 2024 water heater. Vacant at closing, this property is a prime candidate for an easy cosmetic renovation. With strong comps nearby and all the heavy lifting done, it’s a straightforward flip with clear upside.
🛠️ Light Cosmetic Renovation — Major Systems Done
The bones are solid, and the big-ticket items are off your checklist. Focus your efforts on modernizing the interior — fresh flooring, updated kitchen and baths, paint, and fixtures — to bring this home to market-ready condition. This isn’t a full gut job, just a clean value-add opportunity for a fast turnaround.
📊 What the Market Says
Recent nearby sales show strong support for renovated homes in this pocket of Palm Bay:
📈 Sales Comps (All Nearby and Recent)
🔵 694 Almansa St NE — 1,520 sq ft, 3/2, 1992 build — Sold for $325,000 on 3/31/25 ($214/sqft)
🔵 866 Bellevue St NE — 1,642 sq ft, 3/2, 1990 build — Sold for $320,000 on 3/26/25 ($195/sqft)
🔵 778 Antilles Rd NE — 1,404 sq ft, 3/2, 2004 build — Sold for $274,900 on 3/27/25 ($196/sqft)
With your property’s larger footprint and updated core systems, a well-finished renovation should comfortably target an ARV in the $300K–$315K range, depending on design choices and market timing.
📍 Palm Bay, FL — Established Neighborhood with Strong Buyer Demand
Situated on a desirable corner lot with no immediate repair concerns, this home offers both curb appeal and investment potential. The combination of location, size, and recent system upgrades makes this a low-risk, high-reward project. Whether you’re an investor looking for a quick flip or a homeowner ready to customize, this property delivers a clear path to value with minimal upfront effort.