Description
This 2,292 sq ft 3-bed, 3-bath block home sits on a 0.65-acre lot along N Meridian Rd. Built in 1974, the property offers a solid foundation with no HOA, clear title, and delivery vacant at closing. Major mechanicals are in good shape with a 2019 roof, brand new AC, and a water heater under 10 years old.
The interior is dated and will require only a cosmetic rehab—fresh paint, flooring updates, and kitchen/bath modernizations to reach full market potential. With systems already handled, this project is a straightforward value-add play.
🛠️ Rehab Summary
• Cosmetic updates: paint, flooring, kitchen & bath upgrades
• No major system replacements needed
🔴 Sold Comps
2919 Abbotsford Way – 2,312 sq ft, 4/2, built 1971 → Sold $500,000 ($216/sq ft) – updated
2909 Lasswade Dr – 1,934 sq ft, built 1958 → Sold $730,000 ($377/sq ft) – renovated
2926 Abbotsford Way – 2,122 sq ft, 4/3, built 1970 → Listed $480,000 ($226/sq ft) – active
2107 Ellicott Dr – 2,150 sq ft, 4/3, built 1974 → Sold $539,000 ($251/sq ft) – updated
2601 Lotus Dr – 2,483 sq ft, 4/3, built 1965 → Sold $525,000 ($211/sq ft) – updated
🔵 Active Comps
2926 Abbotsford Way – 2,122 sq ft, 4/3, built 1970 → Listed $480,000 ($226/sq ft) – active
📊 ARV Conclusion
Updated comps in the immediate area average $220–$250/sq ft, supporting an ARV range of $525K–$550K. With only cosmetic updates needed, this property presents a low-risk flip with strong resale potential in a desirable Tallahassee neighborhood.