This property needs a lot of work to bring it up to match the comps. The house has a brand new metal roof that is only 1 month old but to achieve full ARV, the roof line on the back of the house needs to be raised so that the back rooms have an 8 foot ceiling height instead of the current 6.5' height. In addition to the roof, the house needs a new sub floor throughout along with a standard full remodel.

However, even assuming a high renovation cost of $60/sqft this property should net a $60k or higher spread. All three comps are 2 bed 1 baths that are less than .16 miles away and have an average cost per sqft of $231.

Comp Address SqFt Year Built Sale Price Sold

8011 Roy Dr 712 1954 $ 177,500 8/22

8035 Riverside Dr 962 1946 $ 225,000 3/23

8230 Lazy Lagoon Dr 856 1967 $ 180,000 2/23