UPDATE! The house settled on 4/5/2021 for $524,900 with a $15,747 seller credit.
For Fixer-Upper and Rehab Addict fans, here is an interesting Route One Corridor house for sale. This 4 bedroom, 2 full bath house with a renovated kitchen featuring new, stainless steel appliances and an enormous 2 car garage is listed for $524,950.
This is not my listing but I have toured the house before and after it was flipped. I will let you in on all the juicy details and how I think it turned out as well as some useful tips and tricks when considering a fixer-upper property.
FOR SALE NOW: 4812 Longfellow St, Riverdale, MD 20737, 4 Bed, 2 Bath. $524,950
THE SAME HOUSE SOLD ON 9/11/2020:
4 Bed, 1.5 Bath, listed at $309,000, sold for $280,000, cash after 9 days on the market
According to the information about the renovated house, the current owners made all of these upgrades:
Brand new bathrooms
Brand new kitchen with quartz countertops and stainless steel appliances
New flooring
New electrical panel
New forced air HVAC system
New tankless water heater
New roof, gutters and downspouts
New washer & dryer
New windows
New screened in rear porch
I took a tour and absolutely love the renovated kitchen, the new screen porch and the huge, two car garage with electricity. There is no formal dining room (there is a nice area in the kitchen for a table but that feels more like a breakfast nook). This may be a problem for buyers of a house in this price range. I'm not convinced of the broad appeal of the laminate flooring throughout the house.
For you number-crunchers out there, I'll make sure to post an update after the house sells to let you know days on the market and final sale price.
If you are thinking about buying a fixer-upper for yourself or as an investment there are some things to keep in mind while house hunting.
Know Ahead: The Ideal Fixer-Upper
The perfect fixer-upper is the home that everybody will want in the future. Many imperfections that turn people off—peeling paint, worn carpets, or dated fixtures—are easily correctable. Blemishes are tough to see past, and those homes often languish on the market since most homebuyers, especially first-timers, demand a turnkey, move-in-ready home in pristine condition.
Single-family homes in the Route One Corridor neighborhoods tend to run anywhere from $350,000-$850,000. There are buyers for houses in all price ranges. When considering a fixer-upper, you need to make sure that the fixes to the house don't force you to price well over what the local market can bear. If you run into significant structural problems or need to build a sizable addition, you can quickly find yourself investing far more money into the house than your can ever possibly recoup.
Be Aware: Condition Matters
A fixer-upper needs work, but some issues are worse (more expensive) than others. You need to separate the cosmetic problems from more fundamental ones.
Easy fixes include:
Patching walls, stripping wallpaper, and painting
Refinishing floors or laying tile or carpet
Installing ceiling fans and new light fixtures
Replacing baseboards or adding trim
Fixing broken windows
Replacing bathroom subfloors due to leaky toilet seals
Refacing or painting kitchen cabinets or installing new ones
Replacing doors
Changing out outlets and light switches
Painting the exterior
Adding a deck
More expensive fixes include:
Replacing HVAC systems or adding central air conditioning
Shoring up foundations
Reroofing, when it involves a tear-off
Replacing all plumbing, sewer lines, and electrical wiring
Pouring concrete for driveways, sidewalks, or steps
Installing replacement windows throughout
Complete kitchen or bath remodels
Building garages or additions
Free Resource for Sellers!
Click here for your own copy of the Home Sale Pre-market Checklist.
I created this helpful resource to help you prepare your house for the market. It contains helpful reminders about:
landscaping
interior rooms
windows, doors and wood trim
roof
kitchen/bathrooms/basement
Free Resource for Buyers!
Click here for your own copy of the House Hunting Worksheet.
I created this helpful resource to help you keep track of the essential details of each house that you visit. It has places to keep track of:
house facts (square footage, bedrooms, baths)
commute time, schools, restaurants
pros and cons
ruler
furniture fits guides (bed and tv)
Who am I and how can I help you?
I'm Tamara Beauchard - realtor, architect and right-fit specialist
As a top-performing realtor with Re/Max Professionals, I handled nearly $12 million in real estate transactions this past year. I stay on top of the market to ensure that you are confident about the price and the process from our first meeting to the settlement table.
You have an architect on your side! My experience in the design and construction industry means that we can talk about renovations and improvements that will both beautify your home and improve it's resale value.
I'm a right-fit specialist who provides consulting services for people who are not ready to buy or sell right now, but need advice on where to start with renovating or downsizing.
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