Moderate Rehab with Margins 💸 – NPR For Sale

  • $259,900
  • 3 beds
  • 2 baths
  • 1,845 sqft

Property Description:

This 2-bed, 2-bath home sits on a quiet cul-de-sac in Port St. Lucie’s 34952 pocket, where renovated homes are selling in the mid-$300s to low-$400s. The property is 1,845 sq ft on a large 0.30-acre lot, built in 1982, with city water and sewer, ample storage, and a covered patio. The layout should allow for framing in a third bedroom to better align with surrounding comps and maximize resale value.  The home is in good overall condition but will benefit from cosmetic updates and a new roof. With the added bedroom, this property should compete directly with nearby renovated 3/2 sales.  The home needs probate so will close in a couple of months.

🛠️ Rehab Scope (Recommended)

  • New roof
  • Interior paint throughout
  • Flooring updates
  • Kitchen refresh (cabinets, counters, appliances as needed)
  • Bathroom updates (2)
  • Light electrical and plumbing updates as needed
  • Frame in a 3rd bedroom to optimize ARV
  • Exterior cleanup, landscaping, and curb appeal

🟣 Comparable Sales

  1. SE Camilo St – 1,796 sf | Sold $376,000 | $209/sf | 1989 build
  2. 2557 SE Lyman Cir – 1,472 sf | Sold $290,000 | $197/sf | 1990 build
  3. 2452 SE Alfonso Ave – 1,725 sf | Sold $355,000 | $206/sf | 1988 build
  4. 2442 SE Pascal Ave – 1,772 sf | Sold $430,000 | $243/sf | 1991 build
  5. 1992 SE Bowie St – 1,661 sf | Sold $360,000 | $217/sf | 1990 build

💰 ARV Estimate

As a renovated 3/2, ARV is realistically in the $380,000–$399,000 range, depending on finish level.

Price:
$259,900
Address:
SE Melon Ct
Port St. Lucie, FL 34952
Square Feet:
1,845
Lot Size:
0.30 Acres
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1982
Const. Type:
Frame
MLS #:
$380,000-$399,000 +/-

Call (321) 379-5777 for more details

Property Location