A reader made this comment on one of the earlier posts:
"I was poking around in NE this weekend and found a couple interesting recent high end flips that appeared to have worked.The house on 32nd was especially interesting. Take a look at the before photo:
1928 NE 26th. Paid $375K on 4/25/2008. Pending sale at $765K.
2028 NE Alameda. Paid $875K on 2/14/2007. Pending at $1,495,000.
3117 NE 32nd. Paid $270,000 on 4/2/2007 and closed for $785K on 2/19/2009.
These do seem to be the exception rather than the rule though. They are all well located (no busy streets, etc.) and the rehabs appear to be well done."
And then the after photo:
Yes it's the same house, but it looks like 80% of it is new. They added up as well as out. Unfortunately I don't know who did the work.
On the surface it loks like a nice remodel, but something about the details stuck me as odd.
The kitchen is nice, if a little generic. I guess for 3/4 of a million I would expect a bit more.
But then I saw this room (I assume it's the dining room). The room just strikes me as odd. Personally one of my favorite features of old craftsman homes are these cabinets and columns that seperate the living and dining rooms. But seriously, what were the "architects" thinking here? Did someone screw up?
First off, why are the cabinets so small? They're perfect for showing off your fine china to your toddler. And the built in's in the back of the dining room? Not really built in, they look like generic home depot cabinets smacked on a wall. But the kicker is the columns. They don't reach the ceiling! That looks like a major goof to me, and I'm pretty sure the base cabinets were supposed to be a little bit bigger. Oops.
All in all, I'd expect a lot more for $785k. For the builder I think it was a successful flip, if not a slam dunk after all their costs. But for the buyer? I'd take the house at 3311 Tillamook over this one, and pocket the $200k difference. At least you're getting a real vintage craftsman foursquare with more pleasing proportions, old growth wood trim, a bigger house and a bigger lot.
These are real built-ins.