After rehabbing this property, you should be able to sell it for much more than the comps between $670-$700k. These comps are typically homes that the owners have slowly updated while living in them. Whereas, this deal will be a modern fully rehabbed property that this neighborhood hasn't seen yet due to how recently these homes were built.
This location is great and becoming even GREATER!
-Lennar Homes recently purchased 350 Acres in this Keys Gate community, and has already began building their new 1,335 home and golf course project called Altimira.
-Altimara will consist of 385 single-family homes, 480 townhomes, and 419 villas on the site, as well as redesigning the golf course that our subject property overlooks.
-As you can see in the attached Aerial views, our subject property will still overlook the newly redesigned golf course.
The most recent closed sale in the neighborhood is a $780k CASH purchase! It was similar in size to our subject property, but had a 3 car garage and overlooked a lake. Therefore, while still a relevant comp, we did not consider it when comping nor pricing this deal.
Interior water damage all appears to be plumbing and A/C related, and was then likely amplified by the property sitting closed up for 2 years in South Florida's heat and humidity.
Original roof appears watertight throughout the main living area of the house. However, the small part over the garage appears to have an issue where it leaked.
HOA Info:
- Monthly Dues = $253.50 Paid Monthly
- HOA Includes DirecTV Stream, AT&T Internet, home alarm monitoring, guard gate, security patrol, tennis courts, racquetball courts, and common area maintenance.
- NO HOA Application.
CBS Construction from 2004!
All the junk left behind will be staying in the property.