Property Description:
This 1997-built CBS 3-bed, 2-bath, 1,623-sf home sits on an 8,015-sf lot in a quiet Okeechobee neighborhood surrounded by other mid-90s to mid-2000s block homes. Interior needs cosmetic updating. Access is by appointment only.
🛠️ Rehab Scope (Projected)
- Full cosmetic interior: paint, flooring, interior doors, fixtures
- Kitchen update (cabinets, counters, appliances)
- Bathrooms: new vanities, tile, hardware
- Check roof age (not provided) — budget replacement if older than 20+ years
- Exterior pressure wash + paint
- Trash-out + contents removal (buyer assumes)
- Landscaping + curb appeal
- Deep clean + minor drywall/trim touch-ups
This is a straightforward flip with no structural indicators of concern.
🟣 Comparable Sales
- 548 SE 37th Ter – 3/2 | 1,949 sf | 2008 | $285,000 | $146/sf – Larger, newer home. Represents upper-end ceiling for the neighborhood.
- 522 SE 36th Ter – 3/2 | 1,384 sf | 1998 | Pending | $275,000 list | $199/sf – Smaller house; similar age.
- 527 SE 38th Ave – 3/2 | 1,501 sf | 2009 | Active | $299,000 | $199/sf
📈 ARV Conclusion
Using the two strongest datapoints ($199/sf on both active/pending listings):
1,623 sf × $185–$195/sf = $300,000 – $315,000 ARV
Given market pacing and subject’s slightly older year built, a safe bracket is:
⭐ Projected ARV: $290,000 – $310,000