Ormond Beach

PENDING – Greenbriar Ave, Ormond Beach, FL 32174

Beds: 3    Baths: 2    SqFt: 1732

ARV: $250k   Repairs: $50k-$60k

$139,000+cc 

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Great Ormond Beach Flip in the Tanglewood Forrest neighborhood. This home needs it all but has some great comps on it. It needs everything from a roof, windows, ac(but has duct work), electrical updates, some plumbing upgrades and the septic and drain field needs to be replaced as well as there is some past termite damage. Estimate rehab to be $50-60k, about 25k for a rental or less. The comps in this area put this house in the $250k range.  Most of the comps are just clean and not full rehabs too. This neighborhood also has access to a private boat ramp that is including in the voluntary association for a small fee per month.

Comps:

  • 320 Tulip Tree Lane is a 4/2, 1470 sq ft and is just clean with minor updates and is listed for $259,000 and under 2 weeks on the market
  • 337 Tulip Tree Land is a 3/2, 1332 sq ft and is a fixer upper and sold for $160,000.  I believe this is one that is being rehabbed right now.
  • 373 Tulip Tree Ln was a 3/2, 1871 sq ft was nice onthe outside but needed a full updating inside and sold for $215,000 on 11/17