DEAL SUMMARY
Assignment Price: $85,000
Estimated Renovation: $75,000
Total Project Cost: $160,000
Estimated ARV: $225,000 to $235,000
Estimated Gross Spread: $65,000 to $75,000
Living Area: 1,056 sq ft
Lot Size: 0.19 Acres
Configuration: 3 Bedroom / 2 Bathroom Potential
Year Built: 1970s (effective year built 1979) 
Property Type: Single Family Residential
Utilities: FPL and Palatka Gas Authority is water.
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Property Overview
Single family investment opportunity located in the Palatka Hillcrest subdivision.
According to county records, the home contains approximately 1,056 square feet of living space on a 0.19 acre lot. 
The property was recently purchased and county ownership records may not yet reflect the most recent transfer.
The existing layout functions as a 3 bedroom home with two bathrooms based on the floor plan.
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Current Condition
The property requires a full renovation.
Interior photos show:
• Significant interior clutter and debris
• Outdated kitchen cabinets and fixtures
• Worn flooring and finishes
• Overgrown landscaping and yard
• Deteriorating shed in backyard
This property is best suited for an investor planning a full cosmetic renovation.
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Value Add Opportunity
The house includes a large laundry room approximately 15’ x 11’9”.
This space allows an investor to:
• Improve the second bathroom layout
• Create a primary suite style configuration
• Maintain laundry functionality while expanding bathroom space
Improving this layout significantly increases resale appeal compared to other homes in the area.
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Estimated Renovation
Estimated Rehab Budget: $75,000
Typical renovation scope includes:
• New roof
• Kitchen remodel with shaker cabinets and stone countertops
• Stainless steel appliances
• Bathroom remodels
• Flooring throughout (LVP or refinished hardwoods)
• Interior and exterior paint
• Electrical and plumbing updates
• Window and door replacements
• Landscaping and yard cleanup
• Shed demolition
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Comparable Sales
Recent renovated homes in Palatka support resale values between $225K and $250K.
510 S 19th St
Sold January 2026
Price: $250,000
3 Bed | 2 Bath | 1,334 sq ft
Located roughly 0.1 miles away and represents the strongest nearby comp.
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711 Madison St
Recent sale around $238,990
3 Bed | 2 Bath | 1,155 sq ft
Very similar in size to the subject property.
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2008 Carr St
Sold February 2026
Price: $230,000
3 Bed | 2 Bath | 1,323 sq ft
Supports resale values around the low $230K range.
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2405 President St
Sold February 2026
Price: $235,000
3 Bed | 2 Bath | 1,382 sq ft
Another nearby renovated home trading above $230K.
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ARV Estimate
Based on comparable sales and a full renovation:
Estimated After Repair Value:
$225,000 to $235,000
Higher resale values may be possible depending on finish quality.