GLADWIN AVE. FERN PARK, FL 32730

Property Details

CLOSED

2727 GR SF
Frame, Block, Stucco

Here's a rare and outstanding opportunity for the lucky investor who jumps on this deal to make a nice, substantial profit on this Seminole County -centrally-located- lake front home. It needs a full rehab because it needs updating from the front door to the back. But WOW, what a property!

This home is on Pearl Lake and has it's own private boat ramp. Pearl Lake connects to Prairie Lake by way of a clear and easily navigable canal.

Nearly a third of an acre and fantastic views of Pearl Lake, this home is begging for a remodel. No HOA, 2 car garage, private dock, fishing, jet skiing, kayaking, swimming, it's all here!
ARV is approx. $420,000+

This home needs updating, a floor plan change would be an easy upgrade. Repairs also include roof, boat dock is in terrible condition, the home is on well but can be switched to city water, windows. Repairs = $60k to $75k. Boat dock can be fixed with minimal county interfernece as it was damaged in the storms of 2005 and falls under the category of repair rather than new.

Comps:
521 Prairie Lake - 4/2, 1709 sqft, Sold 343,500 (201 per sqft)
684 Gladwin Ave - 4/2, 2392 sqft, Sold $450,00 (188 per sqft)
Both comps sold under 17 days on market.

Property Features

• Canal to recreational Prairie Lake
• Dock
• Lakefront Home
• Location

Property Location