Huge Potential on a Winter Park Teardown/New Construction Lot. The lot is 55 x 98 which would support roughly a 2200 SQFT house. Currently the cost of a new construction are between $110-$120/SQFT and there is already a quote on the table for $8,700 to do the demo. New construction comps in this neighborhood are going for about $325/SQFT which would put the value of your new construction around $715,000. Using the average construction cost of $115/SQFT plus the cost of demo and purchasing the lot you are looking at a 70% ARLTV!
Here is a 4/2.5 with 2,100+ sf in the Kenilworth Shores neighborhood of Winter Park. The roof was replaced in 2005 but looks to be in good condition. AC is only 3 years old and house has already been re-plumbed with pvc. Layout is a little bit funky and will need to be switched up a little bit. The kitchen should be opened up a little bit more as well into the dining area and updated. You will probably want put something nicer over the terrazzo, paint, update baths, and update the fixtures in the home as well. Rehabbed comps in the neighborhood range between 230 and 240 a square within a half mile. There are other comps just outside that half mile and in bordering neighborhoods as high as 250/sf, but we feel 499k to 510k is safe. 540k would be where you would max max out.
Looking for a flip in a great neighborhood in Winter Park? How about the cheapest property available in ALL of 32729 at the moment by over $55k? This property marks the only single family home available in all of 32792 under $200k at the moment. In the last 6 months, only 2 homes under 2000 square feet have sold for a lower price per square foot. This will mark the cheapest property to close traditionally in 32792 in the last 6 months. This property does have some settlement issues, but nothing that can not be resolved easily (reports available upon request). With updated homes in this area selling for upwards of $200 per square foot, it doesn’t take long to recognize the value being offered here. Take advantage of this sweet deal on a quiet street in an A+ school district. Terrazzo / hardwood / tile flooring throughout, partially updated master bathroom, fully functional kitchen with stainless steel appliances, 1 car garage, interior laundry room, screened in back porch, central AC, large driveway, A+ school district, fenced in back yard, no rear neighbor, sturdy roof. Resolve settlement issues, repair exterior cracks, update bathrooms, update kitchen, interior/exterior paint, replace some flooring, drywall repair, replace roof
Attention investors!! Fantastic opportunity to own a wonderful piece of Winter Park property adjacent to the sought after section of the Via’s!! With plenty of potential, one could either renovate or tear down and build their dream estate. This vintage 1950’s home on a 65×140 ft. lot has a split plan with a private master suite added to the back of the home. Two additional bedrooms are generously sized. The sunny dining area opens onto a roomy back proch. Located on the brick, tree-lined section of Temple between Magnolia and Hibiscus, and across from Whitesell. Sold as-is. The perfect spot to create the home of your dreams! The comps in the Via’s section of Winter Park are very strong and this is a prime location for a redevelopment opportunity.
Winter Park Pines! This is a very clean 2152 SQFT 4/2/2 in one of the most sought out neighborhoods. The house has had recent renovations including new wood cabinets and silestone counters in the kitchen and The 16 Seer A/C system has been installed within the last year. It also comes fully equipped with an installed solar power system, The landscaping has been well maintained and the roof is in good shape. So the rehab will include paint, flooring (its terrazzo), stainless steel appliances, updates to both bathrooms and any aesthetic renovations you wish to do dazzle your buyers. Houses in this neighborhood sell between $200-$215/SQFT but realistically the estimated ARV is in the $415k-$425k range. It would be a surprise if this house sits on the retail market for more than 7 days.
Located within a stone’s throw of Mead Gardens, this 3/2 block home is certainly worth a second look. Zoned R-2 and mostly updated, this deal carters to a broad range of investors. Whether you are looking for a move in ready rental in a highly sought-after area or a quick flip opportunity, this deal bares it all. In addition, out of the 67 sales in the last year- within a mile radius, this deal represents the 6th cheapest on a price per sqft basis. Property has a sturdy roof, tile flooring in most of the main areas, updated bathrooms and kitchen, SS appliances in the kitchen, a cozy wood burning fire place and a fully intact 2 year old central A/C. Rehab Needed: Interior/exterior paint, open up floor plan, hardwood flooring throughout, general cosmetic updates.
You rarely see properties like this anymore these days, so don’t miss it! Property was built in 2012 so all of your big ticket items are in great shape. The house just needs some nice upgrading to get a quick return. You have 3 comps that range from 166 to 183 per square. Using the lowest due to the size, would put you at 380k ARV or so. All comps were not new builds either, so you may be able to ask for more. All 4 comps, including the pending one, sold in 10 days or less. This is as slam dunk as they come. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net