Property Description:
This 1,300 sq ft 3-bed, 2-bath block home sits on a 5,208 sq ft lot in Port Richey’s Jasmine Lakes subdivision. Built in 1978, the property is a solid flip opportunity. It will need a new roof, new A/C, and full interior updating to reach market value.
You will need a pretty big trashout. Pictures are from before the most recent renters left, and they left a lot of junk. Based on condition and area standards, expect to fully update flooring, paint, kitchen, bathrooms, and fixtures throughout. The roof and HVAC system both need replacement. No known mechanical permits were found, so electric and plumbing should be inspected and budgeted for, but seller says there are no issues they are aware of. Exterior needs landscaping, paint/pressure washing, and curb appeal improvements to match renovated comps.
🔴 Recently Sold / Pending
· 11210 Yewtree Ave – 1,306 sq ft, 3/2, built 1976 → Sold $300,000 ($230/sq ft) – fully updated
· 11011 Tyler Dr – 1,278 sq ft, ~2/2, built 1973 → Sold $280,000 ($219/sq ft) – updated
· 11095 Tyler Dr – 964 sq ft, 2/1, built 1974 → Sold $225,000 ($233/sq ft) – renovated, smaller
· 11231 Snyder Ave – 1,096 sq ft, 3/2, built 1976 → Sold $225,000 ($205/sq ft) – clean condition
· 7335 Buchanan Dr – 1,080 sq ft, 3/2, built 1974 → Sold $205,000 ($190/sq ft) – older condition
· 11025 Harding Dr – 1,004 sq ft, 3/2, built 1974 → Pending $229,900 ($229/sq ft) – smaller
✅ ARV Conclusion
With 1,300 sq ft and 3 beds, 2 baths, this home is ideally positioned to match recent top sales once fully rehabbed:
High-end ARV: ~$275,000–$285,000 (if modernized to match Yeewtree or Tyler comps)
At a $150,000 ask, this leaves significant room for rehab and resale margin. Solid buy for flippers targeting Jasmine Lakes or rental investors seeking value in a stable Port Richey submarket.