Additional Details

• Features: Historic home in MOUNT DORA! This bungalow style home is boasting 1696 sqft, a detached one car garage, utility shed, a recently redone large patio deck, and sitting on a half acre lot. Being offered VACANT at close with huge upside as a flip. Minutes away from the historic downtown, shops, and major highways. Don't miss out on the opportunity to enter this market at a nearly impossible-to-find price where by us there isn't anything active under $560K!!!
• Potential ARV: $380,000-$400,000
• Rehab Description: For a flip or rental, this property will require a new roof and cosmetic updates. Remodel the kitchen, bathrooms, and refinish the hardwood floors. The AC units are in good working order. One of the units and all of the ductwork was replaced 8 years ago. Convert the half bath to a full to maximize on resale value. Lastly, finish with minor landscaping and fresh interior/exterior paint to boost curb appeal!
• Estimated Rehab: $60,000-$80,000
• Ideal Investment Strategy: Resale
• Important Details: --> VACANT AT CLOSE! --> Historic home --> .5 -acre lot --> NO HOA
• Occupancy: Vacant at close!
• Construction: Frame/Siding
• Comp 1: 5521 Lake St. Mount Dora, FL 32757 3/2 1620 Sqft 1901 Build Lot: 7,165 sqft SOLD @ $365,000 07/11/23(Inferior property/smaller lot/clean with updates/investor flip)
• Comp 2: 7342 Earlwood Ave. Mount Dora, FL 32757 4/2 2186 SQFT 1902 Build Lot: 0.51 acres SOLD @ $440,000 04/14/23 (Bigger/dated/similar lot size/has pool)
• Comp 3: 1054 E 5th ave. Mount Dora, FL 32757 2/2 1144 SQFT 1910 Build SOLD @ $347,000 06/30/23 (Smaller by over 500sqft, clean with updates)
• Comp 4: 1010 N Clayton St. Mount Dora, FL 32757 3/2.5 1510 SQFT 1910 Build SOLD @ $495,000 07/17/23 (Smaller and similar style/updated)