#fixer-uppers

[hometoursandotherstuff]

This is weird, but I kind of like it. The listing says it's a single family, and then it says it's a tri-plex. The interesting 1915 building is very geometrical. Some of it needs work, but Unit 1 is move-in ready; Unit 2 can be turned into a commercial space b/c it's zoned multi-use; and Unit 3 just needs some touch-up work.

1915 build in Miamisburg, OH, 5bds, 3ba, 3,822sqft, $205,900. Owner financing available, which is rare.

I rather like this look- high, open ceilings, (Yeah, I know, I live in a loft and I'm freezing my butt off, they are hard to heat), spiral stairs, stick walls, and a free antique piano.

So open and airy. It's got regular stairs and the spirals are for the loft.

Built-ins here by the fireplace.

Interesting. The carpet is stained. Looks like indoor/outdoor, so it may clean up.

Must be a bedroom. More stick walls and a built-in.

This must be the unit they say needs "touch-up."

This is cute. Cottagey cabinets.

Lots of space, but they should've covered the carpet. Sloppy workers.

New bath, but the floor's a bit wonky.

Nice fireplace in the bedroom.

Big walk-in closet.

Ensuite bath.

Here's the loft. Very nice. Cute.

This must be the move-in ready unit.

New little kitchen.

The bedroom.

And, a full bath.

This looks like a carport, but where's the 3rd unit? I guess it needs a lot of finishing.

Wait a minute. Could be this be Unit 3 that needs finishing? It looks like the basement or street level. Well, they do say that it can be commercial, like a store.

4,094.64sqft lot.

The area looks nice.

https://www.zillow.com/homedetails/310-E-Maple-Ave-Miamisburg-OH-45342/349494092_zpid/?

[hometoursandotherstuff]

But, is it haunted? I don't usually think anything is haunted, but this place is creepy. It has quite a history. It's called The Batman House b/c it was a wedding gift for a couple named Batman. After that, it was a Labor Temple, and prior to that, the Weir Funeral home. it was most recently The Garret Antique Shop, as the sign reads. They lived and worked there until Mrs. Garret passed away in 2023.

The 1895 limestone Victorian in Bloomington, IN is a fixer-upper. 3bds, 3ba, 7,570sqft. It's being sold as an auction and bidding is to start at $750k.

The wood is very dark. Doesn't the newel post look like a little birdhouse?

Double doors open to a sitting room with an original corner fireplace.

I'm wondering if the furniture they left conveys. It must've been left by the antique store. The listing says that they amassed quite an antique collection.

Wow, look at that sideboard piece. The carving! The flooring is in poor shape.

The kitchen has some appliances but is completely pristine. No fitted cabinetry, but it does have fireplace. It's basically a blank slate.

The pantry is completely intact. You'll notice that a lot of the paint is chipping throughout the house.

They left a washer & dryer, but the room in bad shape. Needs a ceiling, new lighting, a floor, and walls.

Huge double room. Looks like a wall may have been removed. The flooring is completely shot.

What a vast space.

The suspended ceiling's got to go in here.

How did everything get so dirty? Looks like soot.

The oversized rooms have ceiling beams that could indicate that a wall was removed.

This would made a nice bedroom.

One of the baths is a shower room. Unappealing, to say the least.

The railing is very nice.

The attic may have some potential, but the slanted roof takes up a lot of space.

This room that is the entrance to the basement is just weird.

The basement is quite large.

There's potential down here.

Looks like an addition on the back.

8,712sqft lot.

https://www.zillow.com/homedetails/403-W-Kirkwood-Ave-Bloomington-IN-47404/120234523_zpid/?

[hometoursandotherstuff]

Here's a Lloyd Wright (Frank's son) fixer-upper. The Derby House in Glendale, CA is a 1926 landmark. It's not the typical Wright house, it's a rare early example of hand-cast concrete block in the Mayan Revival style. Many of the original features are still intact and the 5bd, 3ba, 3,281sqft home may be a fixer-upper, but it's not cheap, priced at $2.495m.

How it looked back in the day. With this house, it's all in the intricate details. The custom stonework is influenced by Navajo textile patterns.

Someone has already started. The floors were either stripped or sanded. The walls have been removed down to the studs. But, look at the studs- they're finished wood.

Before.

Details of the doors. All of the metal work and railings are original, and the design mimics the agave plant.

The diagonal mezzanine is a spectacular feature that was designed into the house at the time. I know that it wouldn't be original, but I like the way the stripped wood facade on the mezzanine looks.

Apparently, the ceiling was blue, originally. Look at that fireplace going up thru the mezzanine.

From up here, you can see that it's just a narrow diagonal architectural feature. Note how the rail of the mezzanine matches the ceiling molding.

The details are so unusual. I wonder how much the house will be worth when it's restored. This fireplace is magnificent.

How unusual the fireplace looks made of the same handcrafted blocks.

The walls in this room have been stripped back, but the floor remains. Note the thin strips of inlaid wood. There's a long recessed window seat. They also left some cool green ceramic pots.

This is the dining room. They tore that wall apart, but I wonder if they saved the built-in.

By the white moldings in the ceiling we can see that this was the kitchen. So, they completely ripped it out. I like the cabinets, I wonder if they saved them

This is also finished. They've got the original lighting, and the doors look refinished.

This bedroom has a loft, which is nice.

Up here it's all new, also. I'm not so sure that I like the new doors.

See how the original door is darker? It looks like they've framed the original house plans, but I'm wondering if it's permanent.

The original plans.

This is one of the bedrooms.

This is all done and new.

This is one of the original baths.

And, this one was redone. What a great job they did. Love the tile they used. It's more modern and brighter, but perfect.

There's a beautiful patio on the 2nd level. 0.27 acre lot.

https://www.zillow.com/homedetails/2535-E-Chevy-Chase-Dr-Glendale-CA-91206/20843205_zpid/

https://sanfernandovalleyblog.blogspot.com/2013/11/the-derby-house-by-lloyd-wright-in.html

[hometoursandotherstuff]

I posted this 1850 fixer-upper in Provincetown, MA a long time ago. The P-Town home has been on the market for 1,191 days, which is a record for me. The pricey 5bd, 3ba, 2,646sqft home is called "The Antique House," b/c the owners have an extensive collection. Just this month, they cut the price by $600k, which is significant, but they're still asking $5.9m.

It's been very neglected. They couldn't even give the original door a new coat of paint.

The living room is spacious & bright, but you can see the plaster that fell from the ceiling.

The plaster walls are stripped. I suppose they would have to be drywalled.

I'm not sure if they have it this way deliberately, or not.

There's a spacious kitchen with an antique drainboard sink and original flooring.

I wonder if they will leave the antique stove.

There's a small pantry.

Here' s a vintage bath. There will a lot of holes left in the plaster walls.

There are a lot of rooms in this home.

In another bath, this corner sink is rusted clean thru. Eww.

The primary bedroom is very large. This is quite a nice collection of religious artifacts.

Bedroom #2 is a lot smaller and looks like it's partially under the stairs.

Here's another room that may or may not be a bedroom.

This is an interesting room b/c it has another drainboard sink.

I would say that this is meant to be another bedroom, also.

Stairs to the upper level.

There's an open area.

The other rooms are bedrooms.

There's just a stoop on the back of the house.

The yard is pretty big. 8,276.4sqft lot.

This other building on the property has a lot of stuff inside.

It looks like it has potential to be turned into a home, though, or a studio.

https://www.zillow.com/homedetails/580-Commercial-St-Provincetown-MA-02657/2064975806_zpid/

[centexrealestateconsulting]

Turn Fixer-Uppers into Profitable Investments

Learn how to identify the right properties, budget renovations wisely, and sell for maximum profit. Our expert home flipping consultation services help you succeed in real estate investing.

[gmatt63]

Salt Life Yankee Ego Rest Area

Salt Life Yankee Ego Rest Area

28 January 2020: Doerun, Colquitt County, Georgia.

View On WordPress

[creconsult]

Investors Avoid Fixer-Upper Apartments Fleeing to Safer Middle-Tier Properties

New Post has been published on https://wp.me/p3mbbb-ubJ

Investors Avoid Fixer-Upper Apartments Fleeing to Safer Middle-Tier Properties

Investors Avoid Fixer-Upper Apartments

CoStar Analysis Shows Buyers Fleeing to Safer Middle-Tier Properties

  Apartment investors are getting nervous about buying fixer-uppers, according to CoStar’s latest analysis.

Property sales fell about $10 billion from normal levels in April and May.

But things are even more shaken up than that. The trend toward buyers favoring older, suburban properties to spruce up and boost rents in a value-add strategy seems to be over.

“If we zoom in on the recent period, we see that the number of lower-priced trades has really dropped off. Investors just don’t seem willing to take a chance on value-add and opportunistic deals right now,” said John Affleck, vice president of market analytics for CoStar, in a new video. Lower-end deals, which began to dominate the sales market before the coronavirus shutdown, are becoming rare, he said.

He pointed out the lowest-priced U.S. deal over the past two months was a $10.3 million sale for 184 units in a 1979 garden-style complex in Shreveport, Louisiana. The seller acquired the property in 2014 for $6.2 million, earning about 10% per year.

At the same time, listings and sales of high-end properties are also down.

“Investors in the time of COVID have favored the middle market,” said Affleck, pointing as an example to a 480-unit, 2002-vintage complex outside Denver that sold for $119 million, or about $248,000 per unit. Eaton Vance, the seller, bought the property in August 2012 for $68 million, earning a price gain of about 7.5% per year.

CoStar data shows an estimated apartment price discount of about 10% as a result of the coronavirus.

“Does that mean apartment prices are down 10% across the board? Well, we’re not quite ready to say that yet. This analysis is based on a relative handful of repeat trades, and there may be other reasons why these deals are selling for relatively lower prices. But, the falloff in returns on repeat trades is a leading indicator of the impact of the pandemic on multifamily pricing.”

    Source: By John Doherty CoStar News June 16, 2020, | 07:44 P.M.

[martinezglobal]

As Is - Exactamente que significa este término en Real Estate

As Is – Exactamente que significa este término en Real Estate

As Is

Este es probablemente uno de los términos más mal entendido en el sector de real estate! ¿Qué significa exactamente “As Is” en el sector inmobiliario? He oído y leído tantas interpretaciones diferentes, así que decidí ir a la fuente y obtener la respuesta correcta! De acuerdo con la Asociación Nacional de Realtors (NAR), “As Is” significa …

… La propiedad es vendida en su estado actual el…

View On WordPress