Are you ready for another flip? Today’s Friday’s Featured Flip* hails from Latimer Place. It’s a fine little flip. There’s nothing glaringly wrong or offensive about it, but doesn’t “Wow” me either. Some might call it a snooze-fest…
See, what I mean? This week I debated between two houses: this one and a new build. The new build is gorgeous but since they built it from the ground up, the only before picture would have been of a vacant lot. And since this series isn’t called “Friday’s Featured New Build” I thought I should do the flipped house even though it’s not terribly inspired. Plus, we can always learn something from a flip, even if it’s not a home run.
All this might lead to you believe that the lesson to learn from Latimer is: that not every flip needs to knock your socks off. The problem with that is that this house has sat on the market for 24 days. In the hot-a** Bay Area real estate market, 24 days is an eternity. Therefore, I submit that the lesson to take away from Latimer is that even in hot markets you need to put a little more oomph into the design and/or staging of a flip. This is especially true if the neighborhood, as is the case here, isn’t all that great.
The neighborhood is sandwiched between two neighborhoods that are in transition. Said another way: this house is two degrees removed from a trendy neighborhood. The City is putting a lot of money into this area but it’s years away from being desirable. It’s close to public transportation so the City-folk can get there easily, but, as is true of neighborhoods years away from fully transitioning, the schools aren’t great, there’s not much around to attract the young and hip crowd (aka “hipsters), and there’s crime and blight.
Leading us to ask: who’s the buyer going to be? As you see there are only 2 bedrooms and 1 bathroom so a family is out. And the house isn’t flashy enough or in a trendy enough neighborhood for a tech-millenial-millionaire. My guess is that either a single person or maybe even a young, working-class couple for whom this house is going to be a stretch will be the likely buyers. A single person will definitely appreciate how low maintenance this move-in ready home is. The young desperate couple will be happy to just to have been able to finally buy a home and will over look how lack luster this home is. And this is how Latimer may have done a public service to modest means prospective home buyers. By making this home so bland, the deeper pocket buyers will pass on this house, thereby giving those with shallower pockets a chance to attain home ownership.
Alright, that’s enough jibber-jabber, let’s get to the pictures already, which are pretty good because there are many before pictures, making a side-by-side comparison easy and oh-s0 satisfying.
Living & Dining Room: before
Living room & “Dining Room”: after
Bedroom #2: before
Bedroom #2: after
This is the end of the before pictures.
I hope you learned a little from Latimer this week. I sure did.
Have a good weekend!
*I know this post didn’t technically post on Friday. I tried to press send by midnight on Friday but I couldn’t get it done. Sorry.