no images were found
Cosmetic flip on a very nice street in Longwood. This home has a huge oversized lot and has a large screen enclosed pool. The roof is in good shape, newer A/C unit, Samsung appliances are only 1 year old. The comps are difficult in this area, you have to do a google street view or drive by to see the value. Just about every home on the street is nice, bigger, newer construction homes. The comps provided are homes that have not been updated and are not on a street as nice as this section of Overstreet. With the oversized lot and large pool the ARV is 315k.
Repairs
Demo & dumpster $1000
Flooring $7500
Paint $5000
Kitchen $6500
Baths $5000
Pool deck $800
Plumbing fixtures $1500
Electrical fixtures $2000
Hardware $500
Misc $5000
Estimated repairs $34,800
ARV $315,000
Purchase $225,000
Closing cost to buy $3000
Repairs $35,000
Closing cost sell side $14,000
Net Profit $38,000
- Address: 198, Overstreet Avenue, Longwood, Florida 32750
- Price: $225,000
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 3
- Bathrooms: 2
- Garage/Carport: 2 car garage
- Total Square Feet: 1960
- Construction Type: Block
- Year Built: 1979
- Comparable 1: 411 Nina pl - 3/2/2, 2041sqft, Pool, pending $299,900
- Comparable 2: 341 Isabella dr - 3/2/2, 2079sqft, NO pool, sold $280,000
- Comparable 3: 700 Cranes landing - 4/3, 2045, no garage, no pool, sold 293,000