Hello my flip-loving Friends. Today’s flip is pretty good — not perfect — but pretty close. There are two exciting things about 14th, aside from the killer design. The first is that this is a new build, and the second is that this house has recently sold. We’ll get to see how much the buyers loved this house. ***Hint: a lot ***
Sorry, folks, I could not find any information on the purchase of the lot 14th now sits on.
Fourteenth St. is in West Oakland, which is an area I’ve seen more and more flipper going into. In fact, I’ve featured a few flips here in the lats year LINK LINK. Despite the fact that flippers are coming here, this area is still really rough. This house is the nicest house on the block by a mile. I couldn’t figure out how to nab pictures off of Google street view of this particular block to show you. You’ll just have to trust me.
The only saving grace is that it appears these flippers/builders built two houses here, thereby ensuring that the buyers would have at least one like-minded neighbor.
This house is a block away from the freeway. It looks like a long block so the noise shouldn’t be a problem. And neither does it appear that this block is a major thorough-way to get to the freeway — so this has all of the benefits of being near a freeway but only a few of the negative.
Young, idealistic, childless hipsters who work in The City! Please excuse my odd excitement over this. I’m not excited that the buyers will be hipsters but rather that I finally get to predict that the buyers will be someone other than a family. I in fact I feel conflicted about this since it means that those who’ve lived in this neighborhood for generations will be getting pushed/priced out soon.
Pretty sure the flippers/builder were targeting these buyers since this house has a lot of high design elements. Again, the usual residents of this neighborhood are of modest means. They, therefore, can not afford the high price tag that high design requires.
The buyers will have to live here a long time to see this neighborhood change enough so they feel comfortable raising their kids here. As such, I am also predicting that this house will sell again in 5 years.
How’d they do IMHO?
As you see I loved a lot about this house and felt good about the rest. Are you wondering why 1 smiley face + 2 heart eyes=a smiley face? It’s not because I’m bad at math (though I am) but rather it’s because it’s not my particular cup o’ tea. Though I do appreciate the design.
Shall we begin?
The style of this house is industrial-modern, which is not my fav’. It’s made worse by the red accent color. Not a color I’m drawn to. I would have gone with a navy blue. But I can appreciate that it’s well done and will be appealing to a lot of folks.
Living Room: after
Kitchen & Dining Rooms: after
Open-concept coming your way…
A lot of dark wood was used throughout the space as an accent. First, in the kitchen and now on the back wall in the office. I like that the planks they used are wider than you normally see and I think it warms up the coolness of the concrete floors (which I absolutely love that they stained black). But this is yet another example of being well done although doesn’t appeal to me.
There are three bedrooms and a proper master with an attached bath, which when you think about the square footage is a lot of house to have gotten in to just 1700 sq. ft. The only trouble is is that I have no idea which of the bedrooms is actually the master. dundundun….
What I really appreciate about the bathrooms is how different they are from each other but still complimentary. I’ve seen a lot of houses where flippers used all the same materials in the kitchen and bathrooms. Some people really respond to that continuity and I would imagine it makes doing a flip easier. But I also like when flippers do slightly different finishes throughout a house.
This is my favorite part of the house. It’s probably my favorite only because my backyard is just a total disaster.
Now for the crazy…
I can’t tell you how crazy it is to me that this house sold for over a million dollars in this neighborhood. I was truly speechless when I saw the sale price. It’s starting to feel like it did right before the 2007 real estate bubble burst…
What did you think of 14th? But more importantly, do you think we’re in a real estate bubble? Do you think it’ll pop?