2 Story Rehab in Downtown Deland

This property is a full-rehab opportunity in one of DeLand’s most desired historic-district pockets, just minutes from Downtown DeLand and Stetson. The home is frame/stucco with a 1926 build, 4 bedrooms/1 bath, 1,514 sq. ft., on a 7,280 sq. ft. lot.  Layout is two bedrooms downstairs plus two bedrooms and a second living area upstairs. It needs a full renovation, including the known foundation issue at the rear corner, but the location matters here: Minnesota Ave consistently carries a premium over surrounding streets. You have the room to add a second bathroom, which would give you the best return.

Repairs Needed

• Foundation repair at rear corner
• Full interior demo/cleanout
• Kitchen and bath rebuild
• Add second bath if targeting top resale value
• Roof, HVAC, plumbing, electrical, and water heater budget
• Drywall/plaster repair, paint, trim, doors, lighting, and fixtures
• Flooring restoration or replacement
• Exterior stucco/wood repair, porch work, landscaping, and curb appeal
• Detached/storage structure cleanup or removal

Comparable Sales

1. 748 W Florence Ave, DeLand, FL 32720 | 3/2 | 1,180 SF | Closed May 1, 2026 | $298,000 | $253/SF | 0.26 mi – Smaller renovated 1920s home with 2 baths and a metal roof. Useful lower support, but inferior to the subject’s Minnesota Ave location and potential 4-bedroom layout.
2. 444 N Julia Ave, DeLand, FL 32720 | 3/2 | 1,310 SF | Closed Mar 18, 2026 | $314,000 | $240/SF | 0.10 mi – Very close historic-area sale with 3 beds, 2 baths, metal roof, and large lot. Good practical support for a clean renovated resale, though still not on Minnesota.
3. 601 N Adelle Ave, DeLand, FL 32720 | 3/2 | 1,571 SF | Closed Apr 20, 2026 | $365,000 | $232/SF | 0.22 mi – Similar size and nearby, with a larger lot and 2-bath profile. Strong mid-range support for the subject after renovation.
4. 341 W Wisconsin Ave, DeLand, FL 32720 | 3/2 | 1,900 SF | Closed May 1, 2026 | $432,500 | $228/SF | 0.39 mi – Restored downtown DeLand bungalow with larger living area and 2 baths. Best upper comp from the CMA, but superior in finished condition and size.
5. 650 W Minnesota Ave, DeLand, FL 32720 | 3/2 | 1,199 SF | Closed Feb 3, 2026 | $296,000 | $247/SF | 0.05 mi – Same premium street and almost next door. Smaller and newer, but important because it confirms buyer demand directly on Minnesota Ave.
6. 511 W Minnesota Ave, DeLand, FL 32720 | 4/2.5 | 2,379 SF | Closed Apr 7, 2026 | $615,000 | $259/SF | 0.12 mi – restored Craftsman with pool, updated systems, and much larger living area. Not a direct ARV comp, but it proves the Minnesota Ave premium and the upper-end buyer pool.

ARV & Rental Analysis

• Realistic ARV range should be $350,000 to $370,000 +/- if finished as a 4/2 or 3/2+ layout
• If it remains functionally a 4/1, realistic ARV is closer to to $325,000 +/-
• Estimated long-term rent after full rehab: $2,100 to $2,500/month +/-