Property Description:
This 4-bed, 2.5-bath home with a basement offers 1,876 sq ft of living space on a 0.32-acre lot just outside historic downtown Leesburg (34748). Built in 1916, the property is a mix of block and frame construction with a solid structure, updated electrical, and a newer AC system. The basement is a rare feature for the area, offering extra utility or rental potential (if finished).
🛠️ Moderate Rehab – Cosmetic & Light Exterior Work
The home is structurally sound and really only needs a moderate cosmetic update and resealing the roof. Updates include but not limited to: flooring, some drywall repair, paint, and general finishes. Additional work includes stucco patching, installing a basement storm door, repairing window glass, servicing the A/C, and clearing yard debris. Bathrooms need new vanities, mirrors, and lighting, and granite is budgeted for the kitchen. Most repairs are non-specialty in nature. The electrical has been updated, and the AC system is newer but needs servicing.
🔴 Sold Comps
722 McKenzie St – 3/2, 1,347 sq ft, 1922 build → Sold $200,000 ($148/sq ft) – Smaller, clean interior
407 S 12th St – 3/2, 1,465 sq ft, 1940 build → Sold $207,000 ($141/sq ft) – Similar era, lightly updated
📍Your home offers significantly more square footage and an extra half bath. With a finished rehab, ARV should land in the $275K–$290K range depending on finish quality and marketing strategy.
🔵 Pending Listings
1124 Sunshine Ave – 4/2, 1,736 sq ft, 1939 build → Pending at $239,900 ($138/sq ft) – Dated interior
1208 Bonaire Dr – 3/3, 1,789 sq ft, 1926 build → Pending at $250,000 ($140/sq ft) – Slightly smaller but well presented
1190 W Line St – 4/4, 2,240 sq ft, 1921 build → Pending at $349,900 ($156/sq ft) – Renovated with more baths and lot size
📍At just $179,900, your home is priced well below all three pendings. With a cosmetic renovation and some polish, this is a strong flip or hold candidate with a unique basement bonus in a rising downtown corridor.