Jefferis Ct., Eustis FL 32726

REDUCED:

Now: $339,900
Price WAS: $349,900

This is a 5 bed, 4 bath, 5082 SF Lakefront flip.  The house sits on 1.33 acres on Lake Nessie.

This house has nice vaulted ceilings and good bones, but is dated. This is going to need premium updates to compete with some of the new builds going up around Lake Nessie and the neighboring lakes in the area. However, with you getting this at such a discount, you will be able to rehab this and undercut the market while still making a substantial profit.

All the lakefront comps in the past 6 months have been considerably smaller.  Even if you use the lowest outlying $/SF of $125 it still puts the ARV at $635,000.  So an estimated ARV of $600,000 is quite conservative and should eliminate any objections.

Jefferis Estates

Est. Rehab: $70,000 +

Est. ARV: $600,000 +/-

Recent Area Sales / Activity:

  • 1630 Lake Nettie Ct – 4/3, 2412 SF – Pending for $380k
  • 1375 Old Mount Dora Rd – 4/3, 2226 SF – Sold 3/8/19 for $425k
  • 3011 Lake Woodward Dr – 3/2.5, 3567 SF – Sold 5/6/19 for $450k
  • 2013 Crooked Lake Estates Ln – 3/3, 2685 SF – Sold 5/15/19 for $450k
  • 2026 Crooked Lake Estates Ln – 3/3, 3100 SF – Sold 4/18/19 for $425k
  • 2696 E Crooked Lake Dr – 4/3, 3300 SF – Sold 5/15/19 for $495k

 

  • Address: Jefferis Ct., Eustis FL 32726 
  • Price: NOW $339,900 
  • Availability: Sold 
  • Listing Type: Single Family 
  • Bedrooms:
  • Bathrooms:
  • Garage/Carport: 2 Car Garage 
  • Total Square Feet: 5082 
  • Construction Type: Frame 
  • Year Built: 1973 

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