Property Description:
This 3-bedroom, 2-bathroom single-family home is located in the heart of Saint Petersburg’s 33712 zip code, an area seeing significant investment and new construction activity. Built in 2006, the property is block construction, 1,109 sq. ft., and an attached garage on a 4,704 sq. ft. lot. Unlike many of the older bungalows in the area, this home’s newer age allows for a faster, cosmetic-focused, rehab. The property is located near the Trop redevelopment zone and downtown St. Pete.
🛠️ Rehab Scope (Estimated)
- Interior: Replace flooring with modern LVP or tile throughout and paint
- Kitchen Modernization: Install new cabinetry, quartz or granite countertops, and a modern stainless steel appliance package.
- Bathroom Updates: Full refresh of both bathrooms including new vanities, tile work, and updated plumbing fixtures.
- Exterior Curb Appeal: Fresh exterior paint and professional landscaping
- Systems Check: Perform a diagnostic on the HVAC and electrical systems; while newer than most area comps, they should be serviced to ensure FHA/VA appraisal compliance.
- Garage Refresh: Clean and paint the garage floor and ensure the automatic door opener is fully functional for retail buyers.
🟣 Comparable Sales
- 1605 Prescott St S – 3/2 | 1,197 sf | Sold $295,000 | 09/05/2025 | Move-in Ready/Partial Rehab
- 1675 13th Ave S – 4/2 | 1,154 sf | Sold $303,000 | 10/15/2025 | Newly Remodeled (Updated kitchen and LVP flooring)
- 1119 Newton Ave S – 3/2 | 1,244 sf | Pending $349,900 | 11/23/2025 | Likely Rehabbed (Purchased for $171k in May 2025; now pending at premium)
- 1558 13th St S – 3/2 | 1,134 sf | Sold $363,000 | 09/03/2025 | High-End Rehab (Extensive interior finishes and updated systems)
- 1333 Melrose Ave S – 3/2 | 1,320 sf | Pending $299,000 | 12/11/2025 | Standard Rehab (2005 built, renovated in 2021)
- 1717 Preston St S – 3/2 | 1,421 sf | Sold $345,000 | 07/30/2025 | Newer Construction (2022 built)
💰 ARV Analysis: Given the subject property’s superior 2006 build date, compared to many local 1950s bungalows, it commands a price premium. Based on the performance of similar-sized rehabbed comps like 1675 13th Ave S and the pending high-water mark on Newton Ave S, a professional renovation will push this property into the low $300s. Estimated ARV: $299,000 – $325,000