Many fix-n-flip properties are completed very similarly and this property includes all the ‘usuals’ – granite counters, stainless appliances, tiled backsplash, wood floors, fresh paint & carpet. However I actually saw this property prior to the remodel and I really think this property has gone through a complete transformation! The kitchen remodel has easily doubled the amount of cabinet & countertop space from the previous layout. I really like the blueish-gray cabinets with the light granite. The exterior upgrades including the new roof, new exterior paint & wood soffit are really nice touches that make the house stand-out. The property sits on a 4690 SF lot which is considered an oversized lot for Cole. This affords the home a fenced in front yard with grass space plus a good sized backyard that will easily accommodate a garage.
I really don’t see any major negative aspects with this property in terms of layout, upgrades or location. I may have suggested the listing agent get the remodel fully completed with online photos prior to listing. The garage has not been built yet but the MLS listing says construction will commence next week. I’m not a fan of on-going finishes while the home is listed and open for showings. While I was doing my preview there was a contractor at the home finishing up some touch-up paint. The AC was also turned off and I would suggest getting that turned on and keeping the home nice and cool for buyers coming in out of the heat.
The listing price of $599,900 is definitely a premium for the Cole neighborhood. The total PSF for this property is $317 while the average for Cole & Whittier so far in 2017 has been $293. That average however takes into consideration all properties sold regardless of condition so I don’t think the current list price is grossly overpriced but I would expect this property to see closer to $310/PSF which would equate to a sales price around $585,000.
The homes is fully move-in ready and there are some really nice design touches that set it apart from some of the other fix-n-flip properties in the neighborhood. The home has some minimal staging and shows very nicely. This will be a great property for someone looking to put down roots in the Cole neighborhood who wants a beautifully upgraded home!
This property is Listed by MB Silva Realty Inc