Lake Mary Flip Willington Ln, Lake Mary FL 32746
It’s not too often that you find a house with equity in this area these days! This is the cheapest active within a half mile by 100k, cheapest pending by 35k, and would be the cheapest sale in the last 6 months.
That means that you don’t have to go overboard with the rehab you do. The house had a fire but has already been remediated, so there is no smell. You will need to finish painting the inside and outside, do some flooring, update baths (you can get away with spraying and new vanities for most of it, and a new kitchen.
This is a rare occurrence, but it doesn’t seem to make a huge difference whether the house has a pool or not, or whether it’s rehabbed or not when it comes to ARV. Basically boils down to the nicer it is, the less days on market. That being said, we feel that 265k to 280k is a safe bet for ARV.