Flip in Largo – Block 2/2

This 2-bedroom, 2-bathroom single-family block home is located in the 33771 zip code of Largo. Built in 1966 per Pinellas County records, with seller data showing 1964, the property features 1,148 sq ft of living area on slab with a 0.17-acre lot, no pool, central HVAC, and garage area shown in the county building sketch. Seller indicates Flood Zone X, 14-day post-possession with a $10,000 holdback, $7,500 EMD, and a June 5, 2026 COE. County records show a 2001 roof permit and 2009 heat/air permit, and photos show a dated occupied home needing full cosmetic rehab, exterior cleanup, and major systems budgeting. Renovated nearby 2-bedroom and small 3-bedroom single-family homes are supporting low-to-mid $300Ks, with top-end value requiring a polished retail finish and solved roof/HVAC issues.

Repairs Needed (Estimate)

• Roof
• HVAC
• Water Heater
• Kitchen & Baths: Full retail update needed to compete with renovated comps.
• Interior: Flooring, paint, trim, lighting, fans, doors, drywall touchups, and finish package.
• Windows
• Landscaping
• Doors and Fixtures
• Paint inside and out

🟣 Comparable Sales

1. 3487 Begonia Pl – 2/1 | 936 sf | Sold $310,000 ($331/sf) | Condition: Closed/Updated (One block from subject; smaller and only one bath, but confirms strong demand for updated product on the same street grid.)
2. 2625 Keene Park Dr – 2/1.5 | 993 sf | Sold $330,000 ($332/sf) | Condition: Closed/Full Flip (New roof, HVAC, windows, electrical panel, flooring, kitchen, and baths; strong rehabbed anchor, but slightly smaller and not exact subdivision.)
3. 2301 Fairlane Dr – 2/2 | 1,402 sf | Sold $345,000 ($246/sf) | Condition: Closed/Updated (New roof, updated kitchen/baths, hurricane windows, larger corner lot, and 2-car garage; validates mid-$300K total value, but superior size/lot/garage.)
4. 3120 Meadow Lake Ave – 3/1 | 1,170 sf | Sold $339,000 ($290/sf) | Condition: Closed/Updated (Very close, updated with newer roof and water heater; useful support, but only one bath and not a direct 2/2 match.)
5. 207 Melody Ln – 3/2 | 1,143 sf | Sold $389,900 ($341/sf) | Condition: Closed/Full Flip, Context Only (Immediate-area top-end proof for a fully renovated small home, but it has the third bedroom and should not be used straight across.)

Renovated small single-family homes in this immediate Largo pocket are supporting roughly $290 to $340/sf depending on bed/bath count, finish level, systems, and garage/lot utility. The subject’s best direct support is 3487 Begonia at $310K and 2625 Keene Park at $330K, while 2301 Fairlane and 207 Melody show the higher ceiling when the product is more finished or functionally superior. I would call $340K a conservative full-retail working number.

Estimated ARV: $335,000 to $345,000 +/-

Projected Rent: $2,100 to $2,300/mo +/-