Property Description:
This 4-bed, 2-bath Pensacola home sits near North Palafox, 9 Mile Rd, and major corridors, where renovated comps are selling in the low- to mid-$200s. The property is almost 1,500 sq ft, 4 bedrooms and 2 baths, making it a strong value-add flip or rental in an improving area.
🛠️ Rehab Scope (Recommended)
· Interior paint, flooring, doors & trim
· Full kitchen remodel
· Full bath remodels (2)
· Electrical & plumbing updates as needed
· New or updated HVAC system
· Roof replacement (budget for full replacement)
· Exterior paint, landscaping, trashout, and curb appeal
· Potential layout optimization to modernize flow
🟣 Comparable Sales
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9461 Hummingbird Blvd – 1,751 sf (Bigger) | Sold $265,000 | $151/sf | 1979 build
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8720 Chestrand Rd #A – 1,494 sf | Sold $215,000 | $144/sf | 1953 build
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9517 N Palafox St – 1,366 sf | Sold $162,800 | $119/sf | 1976 build
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9710 Wanda Dr – 1,564 sf | Sold $222,500 | $142/sf | 1975 build
📈 ARV Analysis
Renovated comp price-per-sf range: $119–$151/sf
Weighted ARV Estimate:
Low (conservative): $165,000 +/-
Mid (typical retail finish): $190,000–$205,000 +/-
High (top-tier finish): Up to ~$215,000 +/-
Suggested ARV: ~ $195,000 +/-