5,000+ sf Lakefront Flip Jefferis Ct. Eustis, FL. 32726
Property Detail
Type
Single Family Home, **SOLD** Status
Flip, **SOLD** Location
Florida
Sub Location
Eustis
Price
$339,900
Sq. Ft.5,082Bedrooms5Bathrooms4ARV$600,000+/-Rehab$70,000+Garage2 CarPoolNoneTaxes/yr$6,078Lot Size (Acres)1.33ConstructionFrameWaterfrontFrontageYear1973SubdivisionJefferis EstatesHOA Fees/mo$0
Property Description
Reduced $10k!
This is a 5 bed 4 bath 5,082 sf Lakefront flip. The house sits on 1.33 acres on Lake Nessie.
This house has nice vaulted ceilings and good bones but is dated. This is going to need premium updates to compete with some of the new builds going up around Lake Nessie and the neighboring lakes in the area. However, with you getting this at such a discount, you will be able to rehab this and undercut the market while still making a substantial profit.
All the lakefront comps in the past 6 months have been considerably smaller. Even if you use the lowest outlying $/sf of $125 it still puts the ARV at $635,000. So an estimated ARV of $600,000 is quite conservative and should eliminate any objections.
