The property at 34 Nelson St, Farmingdale, NY shows moderate flip potential. Built in 1923, this 2,474 sqft single-family home last sold for $85,000 in 2000. Current estimates value it around $694,000, indicating significant appreciation. The Oyster Bay neighborhood has a median listing price of $1,095,000, suggesting room for value growth.
Consider a strategic renovation to maximize ROI. Adding space could increase value by 14% to about $792,000, while adding a bedroom and bathroom could boost it by 12% to $780,000. Focus on modernizing key areas like the kitchen and bathrooms to appeal to buyers in this desirable market. However, be mindful of potential challenges with an older home.