Property Description:
This 1,621 sq ft 3-bed, 2-bath block home sits on a 5,950 sq ft lot in Port Richey. Built in 1973, the property has a garage conversion that adds a separate 1/1 unit with its own kitchenette, bathroom, and bedroom. The main home remains a 2/1, giving the layout flexibility for multi-generational living or potential rental income.
The home requires light-to-moderate renovation. Scope includes completing one bathroom, installing new windows, replacing flooring, and general cosmetic updates.
🔴 Recently Sold
- · 9034 Cochise Ln – 1,526 sq ft, 3/2, built 1975 → Sold $307,600 ($202/sq ft) – updated
- · 9334 LedgeStone Ln – 1,482 sq ft, 3/2, built 1973 → Sold $332,000 ($224/sq ft) – updated
- · 7211 Robstown Dr – 1,345 sq ft, 2/2, built 1980 → Sold $230,900 ($172/sq ft) – dated
- · 7215 Vienna Ln – 1,421 sq ft, 3/2, built 1988 → Sold $267,000 ($188/sq ft) – updated
- · 7130 Embassy Blvd – 1,407 sq ft, 2/2, built 1977 → Pending $225,000 ($160/sq ft) – dated
- · 9217 Pegasus Ave – 1,578 sq ft, 4/2, built 1968 → Pending $247,900 ($157/sq ft) – dated
📌 Investor Insight
Updated homes in this pocket are trading between $202–$224/sq ft. At 1,621 sq ft, this supports an ARV range of $325K–$360K, but because part of the square footage is a garage conversion, we are estimating a little less. With an asking price of $189K and ~$30K +/- in estimated rehab, the property offers solid upside. The garage conversion with kitchenette provides an added value play not commonly found in nearby comps.