Crystal River Fire-Damage Block 4/2 With Garage

This off-market Crystal River fire property is a 4 bed / 2 bath block-stucco home with 1,699 sq. ft., an attached 2-car garage, and a half-acre lot in Crystal Paradise Estates.  The fire marshal believes the fire started from a space heater in the back bedroom. The property needs a full fire rehab, including interior gut, smoke remediation, electrical, HVAC, drywall, insulation, flooring, kitchen, baths, windows/doors, exterior cleanup, and permit work. The upside is supported by multiple close sales in the same pocket, but the rebuild needs to be priced as a true fire-damage project, not a normal cosmetic rehab.

Repairs Needed (Estimated)

• Fire debris cleanout and smoke/soot remediation
• Full interior gut and rebuild
• Electrical inspection/replacement
• HVAC replacement
• Plumbing inspection/repairs as needed
• Drywall, insulation, ceilings, doors, trim, fixtures
• Kitchen and both bathrooms
• Flooring and full interior paint
• Window/door replacement where damaged
• Roof/truss/framing inspection
• Garage cleanup and repairs
• Exterior cleanup, landscaping, and permit closeout work

Comparable Sales

1. 740 N Venturi Ave, Crystal River, FL 34429 | 3/2 | 2,002 SF | Closed May 8, 2025 | $385,000 | $192/SF | 0.10 mi – Very close upper comp with larger living area, newer 1990 build, and stronger garage support. Superior to the subject, but important high-side support.
2. 7315 W Golf Club St, Crystal River, FL 34429 | 3/2 | 1,940 SF | Closed Jul 25, 2025 | $298,500 | $154/SF | 0.24 mi – Larger home on a bigger 0.77-acre lot with pool. Useful lower-to-mid support because condition was not fully updated.
3. 535 N Pompeo Ave, Crystal River, FL 34429 | 3/2 | 1,927 SF | Closed Jul 21, 2025 | $327,000 | $170/SF | 0.25 mi – Good middle comp with similar size range and older resale profile. Cleanest support for a finished value around the low $300s.
4. 7618 W Golf Club St, Crystal River, FL 34429 | 3/2 | 1,599 SF | Closed Aug 20, 2025 | $355,000 | $222/SF | 0.38 mi – Smaller but stronger sale with pool and updates. Supports the upper side, but superior because of pool and condition.
5. 310 N Venturi Ave, Crystal River, FL 34429 | 3/2 | 1,843 SF | Closed Aug 26, 2025 | $265,500 | $144/SF | 0.41 mi – Lower support sale in the same pocket. Helps keep the ARV realistic and shows not every finished resale clears the mid-$300s.
6. 1096 N Pompeo Ave, Crystal River, FL 34429 | 2/2 | 1,975 SF | Closed Mar 2025 | $485,000 | $246/SF | 0.38 mi – Ceiling context only. Much newer 2011 build and materially superior land profile, so it should not be used as a direct ARV target.

ARV & Rental Analysis

• Estimated likely ARV: $330,000 to $350,000 +/-
• Estimated Rent: $2,050 to $2,350/month +/-