Description
This 1,747 sq ft block home on a 10,500 sq ft lot in Pine Hills is priced at just $219,900 — well below market — and offers a strong upside with a clean cosmetic rehab. With roof, AC, plumbing, and electrical all reportedly in good shape (just budget for a panel swap), this one’s more about the finishes than the systems.
🛠️ Cosmetic Rehab — Most Majors Already Handled
The layout works, the space is there, and with just $50K (+/-) in renovations—think kitchen, baths, flooring, paint, and some windows—you’re looking at a quick in-and-out project. Some simple landscaping in the huge yard will go a long way on resale.
📈 What the Comps Say – Recent nearby sales suggest a conservative ARV of $330K, with higher-end potential depending on finish quality:
📊Financial Breakdown:
Closed Comparable Sales (Most Weight)
Address Sq Ft Sale Price $/Sq Ft Beds Baths Notes
5205 Cortez Dr 1,309 $288,000 $220 4 2 .08 mi – very close, similar age
1025 Ferndell Rd 1,220 $240,000 $197 3 2 Slightly smaller
1712 Lake Lorine Dr 1,819 $335,000 $184 3 2 Very similar size and layout
2011 N Hastings St 1,376 $310,000 $225 3 2 Smaller, strong price
2090 Ashland Blvd 1,949 $347,000 $178 4 3 Similar size, newer build
1629 Daly St 1,344 $275,000 $205 4 2 Lower end, slightly older
5953 Bolling Dr 1,478 $275,000 $186 3 2 Very similar scope to subject
Average $/Sq Ft of Relevant Solds:
Take top 5 best matches (similar size, 3/2, age range, within 0.6 miles):
$220 (Cortez)
$225 (N Hastings)
$205 (Daly)
$186 (Bolling)
$184 (Lake Lorine)
Avg: ~$204 per sq ft
Apply Avg $/Sq Ft to Subject:
→ 1,747 sq ft × $204 = $356,388
🛑 Reality Check
The listed pending comps like 5711 Bolling ($305K at 1,336 sq ft) and 1527 Hernandes ($299K at 1,440 sq ft) support $208–$228/sq ft in asking price.
But your property is larger, meaning lower $/sq ft on resale is expected unless finish quality is high.
Conservative investors often cap ARV slightly below peak to leave margin.
✅ Recommended ARV Range
Low-end ARV (modest finishes): 1,747 × $185 = $323,195
Realistic ARV (standard flip finish): 1,747 × $190–$195 = $331,930–$340,665
High-end ARV (excellent finish, best buyer): 1,747 × $200–$205 = $349,400–$358,135
🔎 Final ARV Estimate: $330,000–$340,000
This lines up with your original estimate of $330K, though if you finish well and time the market right, $340K–$345K is not out of reach.
📍 Located in a High-Activity Pocket
With a flood of pending sales and multiple closed comps under 0.6 miles, this neighborhood is moving — and your square footage gives you a leg up on the finish line.