🏡 Investment Opportunity: 3 Bed / 2 Bath Pool Home in Venice, FL 🌞

Sarasota County, Venice, FL, 34292
Sold
Listed at: September 24th, 2024
Price
$418,000
ARV
$685,000
Gross Margin
$267,000
Sq. Footage
2087
Type
Single-Family
Parking
Attached Garage
Year build
2004
Lot size
0.40 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

🏡 Investment Opportunity: 3 Bed / 2 Bath Pool Home in Venice, FL 🌞


🏠 Property Details:

  • 🛏️ Bedrooms/Bathrooms: 3 Bed / 2 Bath / Attached Garage / In-ground Pool
  • 📏 Livable Area: 2,087 sqft (per tax records)
  • 🌿 Lot Size: 17,424 sqft
  • 📅 Year Built: 2004 (Block)
  • 💲 Asking Price: $418,000
  • 💼 EMD: $10,000
  • ⏳ Close of Escrow (COE): TBD

📸 Link to Photos:

View Property Photos


🔑 Key Features:

  • 🏘️ HOA: $899/year
  • ⚒️ Roof: Needs replacement
  • 🚰 Plumbing/Electrical: Status unknown (currently off)
  • 💧 Pool: In-ground, great potential for outdoor entertainment
  • 🔍 Condition: Solid block construction, no known foundation issues as per owner.

📊 Comparable Sales:

  • 🏡 146 Wading Bird Dr
    • 💵 Price: $719,000
    • 📅 Sold Date: 7/24
    • 🏘️ Condition: Fairly Updated, Block
    • 🏠 Specs: 2 beds / 2 baths / 2,226 sqft / Built 2005
  • 🏡 128 Wading Bird Dr
    • 💵 Price: $685,000
    • 📅 Sold Date: 5/24
    • 🏘️ Condition: Remodeled, Block
    • 🏠 Specs: 3 beds / 2 baths / 1,816 sqft / Built 2003

📈 After Repair Value (ARV): $685,000


💡 Investment Highlights:

This 3 bed / 2 bath pool home in Venice, FL offers 2,087 sqft of livable space on a large 17,424 sqft lot in a desirable neighborhood. With an ARV of $685,000, it presents a significant opportunity for a strong return on investment. Although the roof needs replacement and plumbing/electrical status is unknown, the solid block construction and no known foundation issues make this a valuable asset with room for improvement.

The in-ground pool adds a major draw for future buyers or renters, and the home’s HOA fee of $899/year is very reasonable for the area. This property is ideal for investors willing to put in some work to bring it to market standards.


⚠️ Considerations:

  • 🔨 Roof Replacement: Necessary to bring the home to its full potential.
  • 🔧 Plumbing & Electrical: Needs to be inspected and potentially updated.
  • 📉 Discounted Price: With a significant reduction in price at $418,000, this home has high potential for profit with the right renovations.

💼 Conclusion:

This property at 168 Wading Bird Dr offers a fantastic opportunity in Venice’s booming real estate market. With an asking price of $418,000 and an ARV of $685,000, this home is a promising flip or long-term rental investment. The home's great location, large lot, and in-ground pool make it a desirable target for value-add improvements and potential profit. 🌴🌊

For more information or to schedule a viewing, please contact:

📞 Phone: 813-544-4909


⚠️ Disclaimer:

All information provided is deemed reliable but is not guaranteed and should be independently verified. The asking price and property details are estimates based on available data and are subject to change. Buyers should conduct their own due diligence, including verifying property details, zoning, and potential for rental income or development. The seller and their representatives make no warranties or guarantees regarding the accuracy of the information or the property's condition. 📝


This Venice property is an excellent opportunity for anyone looking to invest in a high-growth area! 🌟

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Helena Wu

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Disposition manager