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Insane margins on this gem with a beautiful view! House sits on an acre of land and is surrounded by gorgeous open nature views!
The property is going to need a full rehab including roof, fixing some of the floors where they slope, restructuring the master bedroom and possibly adding a master bath, and your other cosmetic stuff like kitchen, flooring and bathrooms.
The value is there though. It is difficult to comp, but we feel 150k is definitely a great starting point based on what we see on acreage. House could be worth more with a really nice rehab.
Cathedral Arch, No HOA
Assignable
Est. Rehab: $55,000
Est. Monthly Rent: $1,000
Est. ARV: $150,000
Recent Area Sales / Activity:
- 2831 Lady Lake Blvd – 2/2, 1576 SF – Pending for $189.9k
- 39347 Meyers Rd – 4/2, 2065 SF – Pending for $365k
- 38801 Berchfield Rd – 4/3, 2011 SF – Sold 10/19/17 for $188k ($93.49 PSF)
- 39337 N Meyers Rd – 4/2, 1404 SF – Sold 10/4/17 for $215k ($153.13 PSF)
- Address: East Lady Lake Boulevard, Lady Lake, Florida 32159
- Price: $62,500
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 3
- Bathrooms: 1.5
- Garage/Carport: 2 Car Garage
- Total Square Feet: 1600
- Construction Type: Frame
- Year Built: 1914