325, Shoreline Drive, Freeport, Walton County, Florida, 32439, United States
SOLD! $299,990 - Single Family
Additional Details
- Features: This four-sided brick 2002 build features 3 bedrooms, 2 bathrooms and 1,848 sqft of living space. The front porch and rear screened porch are under roof. Located in a quiet waterfront subdivision on a 0.57-acre lot. Being offered vacant at closing and ready for renovation to begin immediately. Property was recently appraised $393,000 in as-is condition. Don't miss out on this deal with instant equity in highly desirable South Walton.
- Ideal Investment Strategy: Resale
- Potential ARV: $400,000-$420,000
- Construction: CBS
- Estimated Rehab: $30,000-$50,000
- Rehab Description: For a flip or rental, start by replacing flooring throughout the entire house and updating the Central AC. Some minor drywall repair is needed in the kitchen and the plumbing under the sink may need some attention. Roof is original from 2002 and shows no visible signs of leaking and may have some useful life left. Some trim/fixtures and the screen on the back porch need some attention. Deep clean the interior and apply fresh interior paint throughout. Complete the renovation by doing a small trash out and some landscaping to boost curb appeal. Optionally, update the kitchen and bath countertops to maximize and remove the shed in the back yard.
- Important Details: Recently Appraised at $393,000!
- Comp 1: 61 HARBOUR TRACE, FREEPORT, FL 32439 (3/2, 1975 sqft) SOLD $430k in SEPTEMBER 2022 (2005 build, brick, 0.5 acres)
- Comp 2: 175 FOREST HBR, FREEPORT, 32439 (3/2, 2037 sqft) SOLD $479.5k in NOVEMBER 2022 (2000 build, brick, 0.79 acres)
- Comp 3: 308 BENTON BLVD, FREEPORT, FL 32439 (3/2, 1737 sqft) SOLD $415k in AUGUST 2022 (2009 build, frame, 0.25 acres)
- Comp 4: 36 PINTAIL BLVD, FREEPORT, FL 32439 (3/2, 1857 sqft) SOLD $410k in JULY 2022 (2019 build, brick, 2-car garage, 0.18 acres)
- Comp 5: 63 LAFAYETTE CREEK, FREEPORT, FL, 32439 (3/2, 1500 sqft) SOLD $399k in OCTOBER 2022 (2015 build, builder-grade, 0.15 acres)
- Occupancy: Vacant at Close
- Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab
