Gray Ave., Wildwood FL 34785

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This wood frame house has a concrete block foundation and sits on a generous 1/2 acre lot (.53 acres). House has 3 beds, 2 baths, and a total living area of 1728 SF. Property features a new A/C unit, and the roof should have plenty of life left in it as it was installed just five years ago.

The lot on the left of the house can be subdivided and sold separately for an estimated $15,000 – $20,000. 

Overall, the property is in decent condition. Most of the usual major repairs are out of the way, however the inside will need a complete rehab. House needs updates to kitchen, bathrooms, and floors, as well as a new water heater. A few places in the ceiling will also need to be patched or repaired.

***This is an owner financed property with the following terms:**
$90k financed at 8% // Interest only payments for up to 12 months.

Est. Rehab: Medium to Heavy

Est. Total ARV: $190,000 – $210,000

Est. Property ARV: 175,000 – $190,000

Est. Extra Lot ARV on extra lot: $15,000 – $20,000

Recent Area Sales / Activity:

• 705 Pleasantdale Dr – 1064 SF – Sold 4/25/19 for $109k ($103.29 PSF)
• 609 Gray Ave – 1092 SF – Sold 10/31/18 for $110k ($100.73 PSF)
• 801 Judy Ave – 1424 SF – Sold 4/26/19 for $165k ($115.87 PSF)