Check out this newer built stunning 4/4 with 2,500 sf that backs right up to Lake Nellie. The property does not have water views, but it does have a preserve directly in the back that leads right into the lake. This is a truly beautiful neighborhood. The majors are all in great condition: roof, ac, electrical. The master bath already looks great but is filthy and will need a deep cleaning. You can change a few odds and ends in there, but won’t need much. Of the other 3 baths, you may put flooring, a new toilet or 2 and possibly a new vanity or 2. You can save a lot of the flooring that exists in the house as well. You will want to do some major landscaping, add a drive-way, paint in and out, fix some of the decking and siding, replace kitchen and a ton of odds and ends. This house is very unique due to where it sits. You have similar sized homes on the lake selling upwards of $500k, but this property is a little different. Please run your own comps on this one because I have had multiple people give me different values. I used the median for my ARV.
This is a hard to find opportunity for an area like Clermont. This home is listed at 2960 sq ft, and that is where the value for this home lies. We are priced at 77 per sq ft and that is the 2nd lowest of all 28 pending and solds in last year in this subdivision. The average is at 115 and we have many selling for 120 to 130 per sq ft. The value is also shown in homes at similar sq footage, it’s just that there are not a lot of homes as big as 2960 sq ft in this community. The other good thing about this house is that it has a pool in addition to being golf course frontage. Not all homes in this subdivision have a pool or are on the golf course. Renovating expenditure for this unit is nothing extreme, this could be a fairly clean flip. You will need to upgrade the kitchen counter, but the cabinets should be kept. Needs new flooring throughout. The roof is 14 years old and could be replaced for a flip. The exterior siding on the second level of one side of the house looks dirty and could be cleaned up! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
COMPS 10618 Spring Lake Dr – 4 Bed 3 Bath Golf Course, Pool Pending for 350 – 115/sq ft
10727 Masters Dr – 3 Bed 2 Bath 2112 sq ft Pool Sold for 260 on 5/15/15 – 123/sq ft
16740 Tall Grass – 3 Bed 2 Bath 2113 sq ft Golf Course, Pool Sold for 289.9 on 2/16/15 – 132/sq ft
9636 Spring Lake – 4 Bed 3 Bath 2382 sq ft Golf Course, Pool Sold for 286 on 4/08/15 – 120/sq ft