Flip report generated Dec 5, 2024
The Flip Potential of
2345 61st Ln N St. Petersburg, FL
is medium.
Current Specs
3 Bed / 2 Bath
1,324 sqft
$415 per sqft
Estimated Value$550,000
Flip Advice
This 3-bedroom, 2-bathroom single-family home in Saint Petersburg, Florida, has solid potential for a flip, especially given its prime location in the desirable Sheryl Manor neighborhood. Recent renovations, such as a new roof and updated bathrooms, might limit upside potential, but the property is well-positioned with a valuation of around $550K, compared to nearby comps averaging around $600K.
To enhance its attractiveness for resale, consider minor cosmetic updates like fresh paint and landscaping. Highlight the pool area, as outdoor space is a significant draw in Florida. Given the current market trends, listing this property slightly below comps might create urgency among buyers, maximizing your return.
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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.