This 1906 charming home in Downtown Coeur d'Alene offers moderate flip potential with its prime location near Tubbs Hill, the lake, and McCuen Park. At $650K for 1,560 sqft ($417/sqft), it's already pending sale, indicating strong market interest. However, the price sits above the area's average of $314-321/sqft for April 2025 sales.
Consider a targeted renovation focusing on kitchen and bath updates while preserving the historic character. Adding a bedroom and bath could increase value to approximately $704K based on comp data. With Coeur d'Alene's steady appreciation (0.6% annually) and the property's location in the desirable Sanders Beach area, a well-executed renovation could yield about an 8-13% return.