The Flip Potential of 1317 Lowell St Tallahassee, FL 32303 is high.
Current Specs
3 Bed / 1 Bath
768 sqft
$52 per sqft
Estimated Value$39,900
Flip Advice
This property presents a promising opportunity for flipping, given its low purchase price of $39,900 and potential for significant value addition. The house, built in 1952, is described as a 'total fixer' on a 0.18-acre lot, indicating substantial room for renovation or even rebuilding. Its location in Tallahassee's Westcott Terrace neighborhood and proximity to amenities could be advantageous for resale.
Consider purchasing this property for a flip, but carefully evaluate renovation costs. The option to rehab or rebuild should be weighed against potential returns. Given the low purchase price and the comp data showing median sold prices of $144,000-$290,000 in the area, there's significant potential for profit. However, factor in the quoted $5k-$6k tear-down cost if rebuilding is the chosen route.
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 1317 Lowell St: