Ponkan Summit Dr., Apopka FL 32712

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Here is a cosmetic flip with over 100k equity in Wekiva Run. Home features over 5000 sqft, 5 beds 3.5 baths and a 3 car garage. There is a large 1st floor game room with a wet bar and a home theater. The property also has a large fenced yard and in ground pool which has been recently resurfaced.

This home needs cosmetic updates only which include paint in/out, flooring, A/C in/out, appliances, minor kitchen and bath updates and landscaping for curb appeal.

Most of the comps are selling for about $125/SQFT but are 1500-2000 sqft smaller. Adjusting for the size we took off about $10 per 1000 SQFT. Using the conservative end of that spectrum that puts the ARV between $520k – $550k.

Wekiva Run, Monthly HOA: $97

Est. Rehab: $40,000 +/-

Est. ARV: $520,000 – $540,000

Recent Area Sales / Activity:

• 2949 Ponkan Meadow Dr – 5/4, 3269 SF – Sold 9/10/19 for $415k
• 2731 Ponkan Meadow Dr – 5/4, 3631 SF – Sold 6/3/19 for $437.5k
• 2839 Ponkan Meadow Dr – 4/3, 3493 SF – Sold 8/1/19 for $439.9k
• 2823 Ponkan Meadow Dr – 5/4, 3870 SF – Sold 8/29/19 for $489k
• 2431 Ponkan Summit Dr – 4/4, 3822 SF – Sold 4/30/19 for $465k
• 2447 Cedar Knoll Dr – 5/4, 3632 SF – Sold 11/6/19 for $480k
• 2125 Misty Glen Dr – 5/4.5, 4868 SF – Sold 8/19/19 for $499k