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1501 TERRACE DRIVE

House Recently Sold
$185,000

BTC: 2.22516238

ETH: 69.81132075

Sold on: 2026-09-11
1 days
4 bds
2 ba
1,504 sqft

Overview

PRIME CORNER LOT OPPORTUNITY FOR BUILDERS & INVESTORS! Unlock the potential of this nearly ¼-acre corner lot in Sanford, offering 2,000+ square feet under roof and exciting possibilities for redevelopment. The property is ready for a complete renovation and presents multiple opportunities for the right buyer. Renovate and expand the existing structure, take advantage of the generous footprint to create a larger residence, or explore the potential for multifamily use or multiple residential units, subject to zoning and City of Sanford approval. The corner lot location, ample lot size, existing structure, and potential redevelopment opportunities make this a unique opportunity for an investor, builder, or developer looking to add value. Bring your vision and transform this property into your next project! Buyers should independently verify zoning, permitted uses, density, redevelopment options, and all building requirements.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1980
Lot:
0.21 Acres
Heating:
Wall Units / Window Unit
Price/sqft:
$132
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$354,950
$244K – $434K
Confidence Low
List vs. estimate
$155K below estimate
List $199,000 · -43.9%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$132
-42.5% vs. city median $229
Based on
14 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$880
2025
All facts and features
  • Flooring

    • Carpet

    Heating

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Electric Water Heater

    Other interior features

    • Attic Fan

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Split Bedroom

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Awning(s)

    Lot

    • Lot: 0.21 Acres

    Other Property Information

    • Parcel Number: 02203050200000830

    • Zoning: MR2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $880

  • Source details

    • MLS ID: O6434127

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Lot Features: Corner Lot

    • Direction Faces: North

    • Living Area: 1504

    • Water Source: None

    • Subdivision Name: GENEVA TERRACE AMD

Private inquiry
Talk to the advisor on this listing.
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS REALTY AT THE PARKS