Property Description:
This 5-bed, 4-bath single-family home sits on a 0.92-acre lot in Southeast Ocala, situated in an area where smaller, renovated homes, on large lots are selling in the $700,000 to $850,000 range. The property was built in 1974, features a 2-car garage, and includes a private pool – a key value driver for this neighborhood. At 4,110 square feet (per owner), the home is moderately larger than the average comparable sales in the immediate vicinity. Several major mechanical items have been addressed recently, including the roof, HVAC, and electrical system, leaving the remaining work focused primarily on interior cosmetic updates and exterior grounds maintenance.
🛠️ Rehab Scope (Estimated)
Kitchen renovation including cabinets, countertops, and appliances Full remodel of 4 bathrooms to modern standards Flooring replacement throughout the 4,110 square foot interior Interior and exterior paint Window replacement and hardware updates Pool resurfacing and deck cleaning Extensive landscaping and clearing of the 0.92-acre lot Drywall and trim finishing to unify the living spaces
New roof (Finaled 2025) New HVAC system (Installed 2023) Electrical system and panel upgrades (2024)
🟣 Comparable Sales (0.4-acre to 0.7-acre lots)
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2015 SE 11th St – 4/4 | 3,769 sf | Sold $863,000 | $229/sf | 1960 build | 0.46 acres
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1922 SE 13th St – 4/2 | 2,685 sf | Sold $724,900 | $270/sf | 1962 build | 0.53 acres
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1822 SE 12th St – 3/3 | 3,049 sf | Sold $700,000 | $230/sf | 1961 build | 0.54 acres
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1923 SE 7th St – 4/4 | 3,576 sf | Pending $799,000 | $223/sf | 1956 build | 0.72 acres
💰 ARV Analysis
Renovated homes in this pocket of Ocala are selling between $225 and $270 per square foot. The subject property holds a competitive advantage due to its 0.92-acre lot size, which is double the size of Comp 1 and Comp 2. While larger homes typically see a slight decrease in price-per-square-foot, the combination of an anticipated fully updated house, and superior lot acreage supports a valuation at the top of the market. Adjusting for the square footage difference compared to Comp 1 ($863,000) and the premium for the extra half-acre of land:
Estimated ARV: $850,000 – $900,000 +/-