The Flip Potential of 1564 Kimble Ave Mohegan Lake, NY🏡 is medium.
Current Specs
3 Bed / 2 Bath
2,112 sqft
$246 per sqft
Estimated Value$519,911
Flip Advice
This 1929 single-family home in Mohegan Lake offers intriguing flip potential with its 2,112 sqft on a 15,054 sqft lot. Current valuations range from $488K-$548K, showing steady appreciation over recent years. The property's age suggests potential for significant modernization, though its last sale was in 1995 for just $119.5K.
Consider a comprehensive renovation focusing on kitchen and bathrooms to maximize ROI. Comp data shows adding a bedroom and bath could increase value to $573K (10% gain), while simply expanding square footage might yield a 15% increase to $597K. Given the property's age, budget for unexpected issues and focus on modern amenities that appeal to today's buyers.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 1564 Kimble Ave: