The Flip Potential of 34 Nelson St Farmingdale, NY🏡 is medium.
Current Specs
Multi-Family
1 Units
0 Bed / 2 Bath
2,474 sqft
$281 per sqft
Estimated Value$694,134
Flip Advice
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.
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 34 Nelson St: