This vacant 3-bedroom, 1-bath concrete-block house has 891 square feet on an RS-60 parcel with no HOA. The best exit strategy here is to tear down and build new. It’s a great established neighborhood with lots of new construction. Our recommended replacement is a two-story home of approximately 2,800 to 3,100 square feet with 4 bedrooms, 3.5 bathrooms, and a 2-car garage. The property is in Flood Zone AE with a mapped base flood elevation of 10 feet, so you will need to build accordingly.
Comparable Sales
- 3307 W Van Buren Dr is 0.13 miles away and sold June 2026 for $1,230,000. This completed new construction home has 4 bedrooms, 3.5 bathrooms, 2,920 square feet, a 9,240-square-foot lot, no pool, and an attached 3-car garage. Its living area is the closest match to the recommended build, while its lot and garage are larger.
- 2923 W Elrod Ave is 0.43 miles away and sold August 2026 for $1,147,000. This completed new construction home has 5 bedrooms, 4 bathrooms, 3,359 square feet, a 7,480-square-foot lot, no pool, and an attached 2-car garage. Its lot and parking are close matches, but the home is larger and has an extra bedroom and bathroom.
- 3301 W Iowa Ave is 0.66 miles away and sold June 2026 for $1,110,000. This completed new construction home has 4 bedrooms, 3.5 bathrooms, 3,231 square feet, a 7,405-square-foot lot, no pool, and an attached 2-car garage. Its lot, bedroom count, bathroom count, and garage closely match the recommended product, with a larger living area.
- 2919 W Elrod Ave is 0.43 miles away and sold July 2026 for $1,399,000. This completed new construction home has 4 bedrooms, 3.5 bathrooms, 3,467 square feet, a 7,480-square-foot lot, no pool, and an attached 3-car garage. Its larger size, higher finish level, and 3-car garage make it an upper bracket.
ARV & Rental Analysis
Estimated ARV: $1,100,000 to $1,250,000 +/-
Estimated Rent: $6,250 to $7,000 per month +/-
