hi. I’m feeling pretty wiped out after this week but I’m mustering all of my energy to bring you today’s flip on Bancroft because, well, I owe it to you after bailing last week. If this name sounds familiar it’s because it is. We featured a house on Bancroft a few weeks back here. I’m sure some of you were thinking that I might be trying to pull a fast one by reusing a previous FFF (and I don’t blame you for thinking that ) but I assure you this a freshie and one that I oddly find inspiring.
But I’m not going to lie. I’m tired and the after pictures of this flip are pretty tragic. What does that mean to you? It means you’ll probably get to the end of this post and ask “Really?” But before you jump ship, I want to tell you why I find this flip inspiring. You see, this is the type of flip I could imagine being my first flip. It’s small and didn’t need a lot of heavy construction. Plus, the purchase and sale price feel do-able…though whom am I kidding? Nothing is do-able right now. Ugh.
Neighborhood & Buyers
This tiny house is in a neighborhood that does not get a lot of positive attention but is one that I could see being the next “hot” neighborhood. The biggest problem for this house — aside from the fact that it’s the same size as most apartments — is that it is on a really busy street. Bancroft in Oakland is one of the main ways people get from below 580 to 580.
For these reasons I think the buyers will either be a family of very modest means or a single person. And neither group is going to expect high design. They’ll be happy to get a nice, clean, relatively well-done flip.
Another reason why I appreciate this flip is because the flippers made choices that keep the price of this house reasonable. Based on the price other homes in the area have sold for, I think the list price may still be a wee bit too high. A house just off of Bancroft and with 200 more square feet sold for $330,000 6 months ago. The house needed a new exterior paint job but the inside was decent and could easily be made to look like this house with just a little paint. I guess only time will tell who’s right.
Okay, before I zonk out let’s get to the pictures.
Looks like they kept the gate on the front door but otherwise they de-caged the whole front. Thank goodness.
Living Room: before
As we start exploring the inside of this house in its before state you may notice that the previous owners had a fondness for a particular color. Let’s see if you can guess it.
Living Room: after
I will say that while I don’t appreciate the fun-house mirror effect from before they at least gave you more than one picture of one of the most important rooms in a house — especially in a house this small.
Again, only one picture. What is wrong with these folks?
Bedroom #1: before
Bedroom #1: after
The wall art they used to stage the bedrooms kills me…and not in a good way.
Bedroom #2: before
Bedroom #2: after
The picture I’m about to show you is not a joke: it’s the only picture of the bathroom.
Well that’s it. Did you figure out the previous owner’s favorite color?