Property Description:
This 3-bed, 2-bath single-family home is located in the Sulphur Springs area of Northeast Tampa, where renovated properties are closing in the mid-to-high $200s pricing. Built in 1926, this bungalow has 1,008 sq. ft, and sits on a 5,227 sq. ft. lot. The property has a large, fenced-in backyard. The property will be delivered vacant at closing.
🛠️ Rehab Scope (Estimated)
Flooring Update: Replace existing flooring in living areas and bedrooms with modern LVP to match the tile in wet areas.
Kitchen: Update cabinetry hardware and countertops; assess appliance package for modern stainless steel upgrades.
Bathrooms: Update vanities, mirrors, and lighting fixtures to maximize rental or resale value.
Interior/Exterior Paint
Landscaping: Minor cleanup of the large backyard and front entry to leverage the property’s outdoor space.
Systems Check: Inspect the 1926 electrical and plumbing systems to ensure compliance with modern standards for retail sale.
🟣 Comparable Sales
8704 N Brooks St – 3/2 | 1,244 sf | Sold $295,000 | 11/28/2025 | Full Rehab (New roof, AC, electric, plumbing, and quartz finishes)
1802 E Wood St – 3/2 | 984 sf | Pending $285,000 | Dec 2025 (Last Updated) | Move-in Ready (Updated kitchen and flooring)
8718 N Brooks St – 3/2 | 991 sf | Pending $285,000 | Dec 2025 (Last Updated) | Likely Rehabbed
8215 N 14th St – 3/2 | 1,062 sf | Sold $262,000 | 08/27/2025 | Full Rehab (New flooring, quartz counters, and stainless appliances)
8303 N 17th St – 3/2 | 920 sf | Sold $260,000 | 08/13/2025 | Newly Remodeled (Shaker kitchen, new HVAC, and LVP flooring)
8305 N Hillsborough Ln – 3/2 | 1,055 sf | Sold $260,000 | 12/02/2025 | Unknown level of rehab (Sold “As-Is” but in clean, functional condition)
💰 Recent sales and pending contracts show a clear floor of $265,000, with renovated 1920s-era homes pushing upwards of $275,000 +/-. Given the 1,008 sq. ft. size and the added value of the large fenced lot, this property aligns well with the high-end comps on Brooks St and Wood St.
Estimated ARV: $265,000 – $275,000 +/-