S. Park Ave., Sanford FL 32771

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This is your chance to own a super unique Spanish style Moughton house in Downtown Sanford. Elton Moughton is Sanford’s first and most celebrated Architect. The style has survived the decades and can be seen sparsely through the city. This particular Moughton is on Park Ave, arguably the best street in town, and is truly a gem.

The rehab should focus on the kitchen in the main house and the in-law suite should be fully renovated. There are quite a few options with this property with different variances for additions and parking pads already approved by the city. The ARV is $350k – $385K+ taking into account that it’s on the best street and by the best architect.

Because of how original this house is, it is tough to nail down the exact value. The right person, who appreciates the history and the architect, may pay considerably over what the neighborhood offers. We spoke to a realtor who is familiar with this type of property on Park Ave and he swears it would sell for $380k. I will be happy to have anyone that is interested speak to the realtor for him to explain in detail.

Sanford Terrace, No HOA

Assignable

Est. Rehab: $40,000 +/-

Est. ARV: $350,000 – $385,000

Recent Area Sales / Activity:

• 1505 S Palmetto Ave – 3/1, 1657 SF – Pending for $259.9k
• 117 W 19th St – 3/2, 1312 SF – Sold 7/29/19 for $265.5k
• 1510 Sanford Ave – 3/2, 1651 SF – Sold 11/27/19 for $277.9k
• 1702 Magnolia Ave – 3/2, 2056 SF – Sold 10/11/19 for $292.5k
• 109 W 17th St – 3/3, 2575 SF – Sold 7/17/19 for $326,458