Property Description:
This 3-bedroom, 2-bath frame home has 878 sq ft of living space, including the front porch, which is enclosed and under air. Built in 1950, the property sits in the Lealman / Arcadian Heights pocket of St. Petersburg, where small renovated homes are consistently selling in the mid-$200s to low-$300s. The home will be delivered vacant at closing.
🛠️ Rehab Scope (Recommended)
- Full interior cosmetic renovation (paint, flooring, trim, doors)
- Kitchen remodel
- Bathroom remodels (2)
- Electrical and plumbing updates as needed
- HVAC evaluation and replacement if required
- Roof inspection and repair or replacement if needed
- Exterior paint, landscaping, and curb appeal
- General cleanup and trashout
🟣 Comparable Sales
- 3253 57th Ave N – 2/1 | 860 sf | Sold $275,000 | $320/sf | 1953 build
- 5658 35th Way N – 2/1 | 736 sf | Sold $245,300 | $333/sf | 1925 build
- 3985 56th Ave N – 3/1 | 844 sf | Sold $269,000 | $319/sf | 1957 build
- 5929 32nd St N – 3/2 | 1,002 sf | Sold $350,000 | $349/sf | 1957 build
💰 ARV Analysis
Based on nearby renovated sales ranging from roughly $320–$350 per square foot, a renovated 3/2 of this size supports an estimated ARV in the $300,000–$320,000 range, depending on finish level and mechanical updates. We are going to say lower, to be on the safe side.