Sky Crest 3/3 With 2-Car Garage in Zone X

This Clearwater CBS home sits in Sky Crest with 3 beds, 3 baths, 1,434 sq. ft. of living area, 1,998 gross sq. ft., a 2-car garage, city water/sewer, no HOA, and a 7,693 sq. ft. lot in Flood Zone X. The property is rented month-to-month at $2,195/month, which is below market. Roof sections were replaced in 2015; the shingle roof has meaningful remaining life per inspection, while the flat/modified bitumen section has shorter remaining life. The house is livable and functional, tenant-occupied wear, missing floor covering in multiple rooms, dated baths, older HVAC, a Zinsco panel, and exterior drainage/yard cleanup needs. The third bedroom has its own full bath and private side entrance, which helps the resale/rental story.

Repairs Needed (Estimate)

• Interior flooring replacement where floor covering is missing
• Paint, trim, fixtures, and general tenant-turnover cleanup
• Kitchen and bath cosmetic updates
• Tub enamel/refinish or bath refresh; loose tub faucets and cracked toilet tank lid
• HVAC replacement planning; condenser appears 2005 and air handler 2009
• Flat roof section monitoring/replacement planning
• Damaged screens, window caulking, exterior cleanup, tree trimming, and drainage/soil correction

Comparable Sales

1. 7 S Comet Ave, Clearwater | 3/2 | 1,657 SF | Closed May 26, 2026 | $394,000 | $238/SF | 0.25 mi – Updated Sky Crest comp, larger than subject but only 2 baths. Strong retail support.
2. 2336 Nash St, Clearwater | 2/2 | 1,249 SF | Closed May 15, 2026 | $400,000 | $320/SF | 0.77 mi – Smaller 2-bed comp but very strong closed price. No pool/water mismatch found; useful upper support.
3. 2221 Terrace Dr N, Clearwater | 3/2 | 1,560 SF | Closed Jun 8, 2026 | $375,000 | $240/SF | 0.52 mi – Similar size, 3/2, recent sale. Supports high-$300Ks for clean retail condition.
4. 101 N Corona Ave, Clearwater | 3/2 | 1,118 SF | Closed May 5, 2026 | $342,000 | $306/SF | 0.42 mi – Smaller 3/2 with 1-car garage. Good nearby support, but subject has more living area, a third bath, and 2-car garage.
5. 104 N Hercules Ave, Clearwater | 2/1.5-2 | 1,375 SF | Closed Mar 5, 2026 | $350,000 | $255/SF | 0.11 mi – Very close sale with 1-car garage. Smaller bath/bed utility than subject, useful lower-mid support.
6. 15 S Nimbus Ave, Clearwater | 2/1.5 | 1,110 SF | Closed Mar 27, 2026 | $330,000 | $297/SF | 0.11 mi – Same-street support, but smaller with fewer beds/baths and 1-car garage.

ARV & Rental Analysis

• Estimated fully rehabbed ARV: $405,000 to $425,000 +/-
• Estimated market rent after cleanup/updates: $2,600 to $2,900/month +/-
• Current rent: $2,195/month, month-to-month