This home… Love it. Love it. Love it.

1508 Hull Ave was one of those properties that we knew would be a hit. We knew we needed a true master suite and an open kitchen, AND we wanted to find a way to preserve all the original charm. To keep the charm, we saved the trim, floors, fireplace, and doors which all told a beautiful story. The home is over 2000 square feet on the main floor, so we knew we had the space to make it all work.

The Backstory:

I was approached by another agent in town to purchase this property. I was honored to get the call. She had deep ties to the family selling this home. The family wanted to find a “home flipper” that would not just slap a coat of paint and make a buck so to speak. They wanted someone who truly cared and was passionate about the home. With that in mind, I shared my plan with them and even offered insight on our projected costs and profits on the project. I’d like to think it helped the family take my offer compared to others.

Side Note - This is very analogous to so much of the psyche that buyers and sellers experience. I say often that my job is to create the highest and best value for them. This “value” is often interpreted in monetary terms only. I’d say part of my job as a Realtor is helping to provide that clarity on what is “valuable” for each and every client on each and every transaction. For these sellers, the value was not derived only by the proceeds check from the sale but also by the future intent of the home.

The Deal:

1508 Hull was not a “safe” looking property from an investment perspective by many standards.

• It is not in the “heart” of its neighborhood.

  • I try to focus on the most desirable/character-filled locations as much as possible as a general rule.

• This is not a common-looking property.

  • Mainly because of its flat roof. It almost looks commercial in nature. I typically like to purchase real estate that looks more like the rest of the housing stock around it.

• This home was outside of the norms of other homes around it in terms of comparable sales data.

  • Size, style, or price all were bigger, different, and less than this home.

• The average sale price of the homes all around it was over $100,000 less.

• Oh, and it needed everything to be renovated!

  None of these attributes typically bode well when you are putting on your investment hat. That said, cool architecture will always get looks especially if the home functions and is designed well. We took the risk and sold the home within a week or so after we completed the project.

  Staging & Design by Alt Design Studios