2004 Block Ocala Flip: $84/sf

This 4-bedroom, 2.5-bathroom concrete block home is located in Kingsland Country Estates, Ocala (34476). Built in 2004, the property features 2,822 sq. ft. of living area and sits on a 14,810 sq. ft. (0.34-acre) lot. Priced at $229,000 ($81/SF), the property requires a full cosmetic rehab but has high-margin potential due to its size, year built, and 3-car garage.

House Assets

• Size Advantage: At 2,822 SF, this is the largest floorplan of the models in the immediate area, providing a distinct bedroom and square footage advantage over newer, smaller builds.
• Structural: Solid concrete block construction (CBS) with a rare 3-car garage.
• Remediated Sinkhole: Professional repair completed with a lifetime transferable warranty from ADT, satisfying standard disclosure requirements.
• Location: High-demand SW Ocala corridor with no flood zone issues.

Repairs Needed (Estimate)

• Full Cosmetics: Original 2004 interior requires modern flooring, interior paint, and updated lighting/fixtures, drywall repair, and demo.
• Kitchen & Baths: Original cabinetry and fixtures throughout; full refresh needed for top ARV.
• Mechanicals/Roof: Roof and HVAC are original (2004). Septic system is original but showing now issues.

🟣 Comparable Sales

1. 4770 SW 114th St | 4/3 | 2,784 SF | 0.62 ac | 2020 Built | 0.35 miles
   Closed: 03/16/2026 for $430,000 ($154/SF). Condition: Move-in ready; superior build year and lot size. Sets the neighborhood ceiling.
2. 11524 SW 50th Cir | 4/3 | 2,332 SF | 0.82 ac | 2022 Built | 0.20 miles
   Closed: 01/09/2026 for $390,000 ($167/SF). Condition: New construction; smaller footprint but significantly larger lot.
3. 4949 SW 114th St Rd | 4/2 | 2,519 SF | 0.46 ac | 2022 Built | 0.30 miles
   Closed: 04/20/2025 for $360,000 ($143/SF). Condition: Near-new build; serves as a baseline for recent sales in the 2,500+ SF range.
4. 10964 SW 53rd Cir | 3/2 | 2,230 SF | 0.48 ac | 2001 Built | 0.60 miles
   Closed: 12/22/2025 for $280,000 ($126/SF). Condition: Similar vintage but smaller bedroom count; establishes the “dated/as-is” floor for the area.
5. 5220 SW 114th St Rd | 4/2 | 2,120 SF | 0.43 ac | 2020 Built | 0.15 miles
   Listed: $350,000 ($165/SF). Status: Pending. Represents active market demand for 4-bedroom product.

🟡 ARV & Rental Analysis

The retail ceiling for renovated homes in this pocket is driven by square footage and build date. While 2020+ builds command $150+/SF, a renovated 2004 build typically trades at a slight discount. However, given the subject’s 2,822 SF and 3-car garage, it has a measurable size advantage over the $350k–$390k comps.

• Estimated ARV: $365,000 – $399,000 +/-
• Projected Rent: $2,100 – $2,300/mo +/-