$150,000Asking price
Works for flippers
Works for a flipper up to $240,000.
ARV $346,152
The sales behind this value are shown to members.
SANFORD FL HALF ACRE 3 BED WITH 346K ARV AT 150K
SANFORD, FL 32771 - SEMINOLE COUNTY - DIRECT DEAL
3 BED / 1 BATH / 2 CAR GARAGE - 0.48 ACRES - 1950 - $150,000 - ARV $346,152
A 1950 home on nearly half an acre in the Pinehurst 1st Addition pocket of Sanford, inside a mile of two magnet schools and minutes to I-4, at $150,000.
The owner has held it since 1984, bought for $45,000, and carries no loans against it. Free and clear, which means no payoff, no short sale, no lender in the chain. Vacant at close, Flood Zone X, and thirty-six days to a December 3 closing.
ARV is $346,152 and that number is deliberately conservative. Against the 1,952 square feet tax records show, it works out to $177 a foot in a market where comparable Sanford sales are averaging $222 and a 2,111 square foot home closed at $261 a foot last month. Against the 1,432 square feet the listing shows, it works out to $242 a foot, which is still inside what smaller Sanford homes have been clearing all year.
In other words, the ARV holds at either square footage. That is unusual and it is the reason to take this one seriously.
The scope is front-loaded and honest. Roof needs replacing. HVAC needs replacing. Electrical and plumbing both reported in good condition. And it is a one bathroom house in a market where every comparable has two or more, so a second bath belongs in your scope.
THE NUMBERS
PROPERTY SNAPSHOT
THE SQUARE FOOTAGE - AND WHY THE ARV SURVIVES IT
The listing shows 1,432 square feet. Seminole County tax records show 1,952. Total area is 2,780. That is a 520 foot gap and you should settle it yourself on the walkthrough or through the Seminole County Property Appraiser.
But here is what makes this deal workable either way. At $346,152:
Most deals fall apart when the square footage comes back light. This one does not. Verify it anyway, because it changes your renovation budget and your exit price even if it does not change whether the deal works.
COMP SUPPORT - LARGER SANFORD HOMES
Comparable averages across this set: $438,000 sale price, 1,942 sqft, $222 per sqft, 0.30 acre lot, 1973 build.
COMP SUPPORT - SMALLER SANFORD HOMES
These three are roughly half the size of the subject by tax record and still cleared $275,000 to $296,000, averaging about $271 a foot. The published ARV of $346,152 is only modestly above the top of that range despite the subject being substantially larger and on nearly twice the land.
HOW TO READ ALL OF THIS
Two independent per-foot reads bracket this property. The larger-home set averages $222 a foot. The smaller-home set averages $271 a foot. The best size match in either set, 309 W 16th St at 2,111 square feet and built in 1931, closed at $261 a foot in seventy days on market.
The $346,152 ARV sits under all three of those on the tax-record square footage. It is not a stretch number.
Now the discipline, because you should hear both sides. Larger homes trade at lower price per foot than smaller ones, so do not scale the $271 figure up. 412 Editha Circle is 2015 construction and a 1950 wood frame is a different product. The one bathroom has to become two before this comps to anything above.
There is also a separate as-is comp set in the Goldsboro pocket west of here, nearer W 12th Street, where 4 bedroom homes sold at $120,000 and $138,800 this year after 155 and 219 days on market. That is a different submarket from Pinehurst 1st Addition, and it is why diligence on location matters as much as diligence on scope. Walk both pockets if you do not know Sanford.
CONDITION - SELLER REPORTED
Add to your own list. This is a 1950 wood frame house in Central Florida, so inspect sill, framing and any termite or moisture history closely. A house needing both roof and HVAC will not bind standard insurance until that work is done, which affects your carry and your lender. And budget the second bathroom.
THE LOT
At 0.48 acres and 20,502 square feet, this parcel is substantially larger than a typical Sanford infill lot and larger than every comp in either set, where the average lot is 0.30 acres. That is value none of the comps capture and none of it is in the $346,152.
Depending on current City of Sanford zoning and minimum lot standards, a parcel this size may support more than one use. Verify zoning, minimum lot width and area, setbacks and any split or accessory dwelling potential with the City of Sanford before underwriting any of it.
WHY SANFORD AND THIS POCKET
Sanford sits at the north end of Seminole County, roughly twenty-five minutes from downtown Orlando, with SunRail service, a walkable historic downtown on Lake Monroe, and Orlando Sanford International Airport. Seminole County schools are among the strongest draws in the metro.
This parcel sits in Pinehurst 1st Addition, within a mile of two magnet schools, with strong access to the I-4 corridor. Estimated market rent on the property is $2,837 per month.
EXIT STRATEGIES
DEAL TERMS
WHOLESALE DISCLOSURE
JNA Dynamic Holdings LLC is not the record owner of this property. We hold or are in the process of holding an equitable interest in the property under a purchase and sale agreement, and we are marketing that equitable interest for assignment. We are not a licensed Florida real estate brokerage and we are not acting as an agent for the seller or for any buyer. This is an assignment of an equitable interest in a real estate contract, not a listing of the real property itself. Earnest money on an assignment of contract is non-refundable. JNA Dynamic Holdings LLC operates in compliance with Florida wholesale disclosure requirements.
Flood zone is reported as Zone X, outside a special flood hazard area. Buyer to verify current FEMA designation independently.
All information above is gathered from tax records, third-party valuation models, public listing data, or directly from the seller or realtor, and is not guaranteed. ARV, estimated values, AVM figures and rent estimates are model-generated outputs from third-party platforms, not appraisals. Living area is reported as 1,432 sqft by the listing and 1,952 sqft by tax records and must be independently verified. Buyer to do their own due diligence including independent inspection, independent ARV verification, and confirmation of square footage, bed and bath count, permit history, zoning and lot split eligibility, insurance cost, title and liens before executing any purchase agreement.
THE CALL
Sanford, Seminole County. Nearly half an acre, Flood Zone X, vacant at close, free and clear title. $150,000 against a $346,152 ARV that holds whether this house measures 1,432 feet or 1,952.
Roof, HVAC and a second bath are the scope. Thirty-six days to close.
Call or text and bring your contractor through this week.
Jervon - JNA Dynamic Holdings LLC (469) 949-3363 Jervon@jnadynamicholdings.com
Figures from the seller unless a line says otherwise. Verify before you close.
ARV $346,152
The sales behind this value are shown to members.
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