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Sunset Park is a beautiful neighborhood in South Tampa with around 3500 residents according to Wikipedia and several million dollar homes.
If you’re thinking of selling your property in Sunset Park, you might want to factor in land value before you spend money on repairs and updates to an older, smaller home.
No one wants to spend $50,000 or $100,000 on updates on a property if 70-90% of the value is in the land… at the least, you might be investing in a lot of hassle… at the worst, you might be spending more money than you might ever get back from the sale of the property.
With that in mind, I’ve researched some recent sales of lots and teardowns that might make it easier to determine if it would be profitable to restore and update your house… or just sell it to a South Tampa Builder.
2620 N DUNDEE ST
200x92x101x106x60/15,540 SF/Pie Shaped Lot
2624 S TORONTO AVE
3203 S OMAR AVE
$425,000 (Builder to Builder Sale)
$400,000 (Private Sale to Builder on 05/03/17)
2601 S DUNDEE ST
4520 W LAMB AVE
Are you are curious about how much your property in Sunset Park might sell to a South Tampa Builder? Why don’t you give me a call at 813-784-4199?
My name is Robert Wilson, and I’m the Director of Dirt at South Tampa Teardowns and EXIT Bayshore Realty. I’m happy to offer a free consultation, or quickly get you an offer where you won’t have to worry about commissions, repairs, or closing costs.
If your property is over 30, 40 or 50 years old… you might put more money in your pocket with an offer from one of our builder partners.