Heart of Winter Park|Renovation Project|Great Location

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$305,000 3 bd, 2 ba, 1746 sqft

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This is a great opportunity in the Parklando area of Winter Park and is offered at a price that can work for you, no matter the option you choose.

• The first option would be to use it as a nice renovation project with some fresh updating. The home has newer windows and updated plumbing, but needs full updating. We estimate rehab at $60k and an estimated ARV of $460k.

• The second option would be to do the updating and add a 500 SF addition. With the addition and updating, we estimate the rehab at $100k – $110k, and an estimated ARV of $525k – $550k.

• The third option is to tear it down and build new. If you want to do new construction, there are several comps that put the ARV up to $930k. There is new construction all over this street, including one next door that just sold for $855,000 and is 3,630 SF. We estimate you could put +/-4,000 SF home on the lot with new construction cost to be around $400k.

Parklando, No HOA

Assignable

Property Details

Price:

$305,000

Address:

Parkland Dr.

City:

Winter Park

State:

FL

Zip Code:

32789

Year Built:

1950

Terms:

For Sale

Property Type:

Home

Square Feet:

1746

Bedrooms:

3

Bathrooms:

2

Basement:

1 CAR

Const. Type:

Block