This location has been seeing steady growth since BEFORE the latest boom! The neighborhood is full of new construction, and property values have been rising accordingly. Empty lots throughout the neighborhood have been getting bought up for new construction houses which once built are flying off the shelves, regularly selling for $400k-500k+!
This deal is Irreplaceable!
There are only three properties active nearby asking $436k, $450k, and a new construction 2/2.5 just around the corner asking $500k.
Property was formerly a 3/1 as county tax records still reflect, but past owners combined two bedrooms to make more easily handicap accessible.
The bathroom was made larger to be handicap accessible as well.
A small hallway to the third bedroom was removed so the space could be added to the bathroom to widen it. That's also where the wall between the third and second bedrooms was removed. Reverting this back into a 3/1 will help increase value.
With a second bathroom, the 3rd bedroom restored, and additional square footage added on, the comps support that this property could even be worth well into the $400k's. However, this property currently has less living area than many of the comps, keeping the ARV conservatively within $350-400k.
The roof on the detached wood shed is damaged and leaking as seen in the pictures.
Located only 10-15 minutes from the intracoastal, Tarpon Springs' iconic Sponge Docs, and beautiful beaches, including Howard Park Beach.
Concrete Block construction
Buyer will be buying this property with two open violations that have no money owed nor accruing. One violation is for trash and debris around the yard. The second is for minimum housing due to deterioration and paint peeling from the sides of the home and the facia, as well as for the obviously deteriorated shed.