Property Description:
This 3-bedroom, 2-bath, 1,786 sq ft block home sits on a 14,810 sq ft lot in NW Ocala. Built in 1958, the property has a 1-year-old metal roof, but the interior condition is very rough and will require a full overhaul. Owner-occupied now; will be vacant at closing.
🛠️ Rehab Scope (Heavy)
- Full interior gut: new drywall throughout, insulation, trim, interior doors
- Structural attention: evaluate & repair floor joists/subfloor as needed
- Full cosmetic renovation: kitchen, baths, flooring, paint, fixtures
- Mechanical updates: HVAC system (likely needs full replacement), water heater
- Electrical & plumbing review (1950s build—expect updates)
- Exterior refresh: paint, landscaping, cleanup of debris left behind
- Optional value add: rework floorplan to maximize the large square footage
🔵 Comparable Sales
- 1501 NW 19th Ave – Closed 09/09/25 |3/2 | 1,380 sf | 1976 build | 7,405 sf lot | $400,000 (largest comp; newer, best condition)
- 930 NW 6th Ter – 2/1 | 800 sf | 1964 build | 0.51 acre | $215,000 | $269/sf
- 1203 NW 12th Ave – 2/1 | 520 sf | 1955 build | 4,792 sf lot | $91,000 | $175/sf
- 1705 NW 18th Ave – 3/1 | 727 sf | 1958 build | 5,227 sf lot | $159,900 | $220/sf
- 1913 NW 12th St – 2/1 | 576 sf | 1962 build | 3,920 sf lot | $122,000 | $212/sf
- 1215 NW 12th Ave – Pending | 2/1 | 680 sf | 1955 build | 4,792 sf lot | $149,900 | $220/sf
ARV Logic
- Small homes in this area commonly trade between $175–$270/sf depending on finish level.
- Applying even a conservative $135–$150/sf to a fully renovated 1,786 sf home supports $240K–$270K.
- With lot size advantage + ability to present as the largest updated home nearby, $250,000 ARV is well supported.