Lake City | PP: 330k | ARV: 525k | Med rehab

About this property

This 4 bed, 2 bath pool home offers 2,216 square feet on 4 acres and was built in 1994, with a new 2022 roof and an AC in good condition at 5-8 years old. The pool is currently drained and fitted with a new pump, the septic needs pumping, and a second large workshop building sits on the property. It lends itself to a clean-out and small renovation or a complete, more distinctive renovation. The ask is $350,000 against an ARV of $525,000, with earnest money of $5k, a close of escrow date of 09/01/2026, and vacancy at close. Comparables include a 3 bed, 3 bath 2,316 sq ft home on the same size lot with no pool that sold at 580k, and a 3 bed, 2 bath 1,724 sq ft home with no pool and no second workshop building that sold at 395k.

Property snapshot

Deal details