Full Rehab in Lake City

Built in 1960, this 2,374 heated sq. ft. 3 bed / 3 bath home sits on a 0.42-acre (18,295 SF) lot with a 1.5-story layout, brick exterior, fireplace, and central HVAC per public record. Property needs a full rehab, top to bottom. Flood Zone X.

House Assets:

• 3 full bathrooms
• Larger-than-average sf at 2,374 SF.
• 0.42-acre lot size.
• Brick construction and fireplace per public record.

Repairs Needed (Estimated):

• Roof, HVAC system and likely ductwork replacement, Plumbing, electerical
• Kitchen: full investor-grade replacement (cabinets, counters, appliances, fixtures)
• Bathrooms: full update across all 3 baths
• Flooring: full replacement across ~2,374 SF
• Interior paint / drywall repair / trim / doors / fixtures
• Exterior cleanup / landscaping / pressure wash / minor carpentry
• Contingency / permits / misc mechanical surprises

🟣 Comparable Sales

1. 616 SE Sunflower Pl | 3/2 | 2,339 SF | $305,000 Closed 10/29/2025 ($130/SF). About 0.28 miles away. Best direct comp for size and proximity. Newer build (1996) and only 2 baths, so it anchors the lower-to-mid ARV range rather than the ceiling.
2. 898 SW Lake Montgomery Ave | 3/3 | 2,237 SF | $358,000 Closed 12/19/2025 ($160/SF). About 0.81 miles away. Strong bed/bath match and similar size. Includes a pool and newer effective age (1976), so it represents a high-end ceiling after adjustments.
3. 1477 SE Inglewood Ave | 3/2 | 1,814 SF | $222,000 Closed 12/22/2025 ($122/SF). About 0.53 miles away. Same 1960 era but smaller and inferior bath count. Useful lower-bound comp for older-condition product.
4. 195 SE Emma Pl | 3/2 | 1,748 SF | $232,000 Closed 3/4/2026 ($133/SF). About 0.98 miles away. Older, smaller, and inferior layout but helps define where basic renovated product trades.
5. 468 SE Evergreen Dr | 3/2 | 2,334 SF | ~$350,000 (2024 sale). Same street, similar footprint and vintage. Slightly older comp window, but highly relevant for neighborhood-level pricing.

🟡 ARV & Rental Analysis

The true comp set clusters between ~$130/SF and ~$160/SF depending on condition and upgrades, with older large homes selling closer to the lower end and renovated 3/3 homes pushing higher. The most best comp is 616 SE Sunflower Pl as a base, with 898 SW Lake Montgomery Ave establishing a realistic ceiling after adjustments.

Estimated ARV: $290,000 to $325,000 +/-

Rental Comps:

• Lake City 3/2–3/3 homes (~1,700–2,300 SF): generally $1,800 to $2,200/mo depending on finish level

Projected Rent: $1,900 to $2,200/mo +/-