Sanford Flip under $100k Club Rd. Sanford, FL. 32771
This is a rare 3 bed block home in Sanford under $100k. The house sits on a large corner lot in the Country Club sub-division.
The home needs a full rehab which includes a new roof, flooring, paint in/out, kitchen & bath updates & general cosmetic touch ups. The home could be converted into a 5 bed 2 bath based on the current layout. The garage has been converted which could be a 4th bedroom. Also, a block addition was added to the home which is currently a large bonus room. It could easily be converted into a master bed & bath as the current bath is on the other side of the wall.
As a 3 bed 1 bath the home is worth $165k or $120 per sqft; if you are able to convert the bonus room into a master & add a bath the home is worth $199k or $145 per sqft. All the comps used are 3/1’s but there are plenty of 3/2 comps over $200k all within a half mile of the subject property.
418 S Bay Ave -3/1 1,154 sqft
Sold $161k on 2/28/19 – $139/sqft
1806 Madera Ave -3/1 1,220 sqft
Sold $177k on 4/27/19 – $145/sqft