Short Sale Rehab Complete and Under Agreement – House Flip Update

Time for an update of our rehab at 35 Dorothy Ave in Chicopee.

We purchased this property as a short sale. This was definitely one of our quicker short sale negotiations, and we hit very few snags during the closing process, which was great because that is usually not the case with short sales. 

The rehab of the property also went very smooth. The major improvement we made was converting the home from a two bedroom to a three bedroom. We did this by converting the old dining room into the third bedroom. We created space for an eat in kitchen by eliminating some excess cabinets along the rear wall of the kitchen and by opening up the wall between the kitchen and living room to create a more open space.

We put the home on the market last weekend and accepted an offer within 1 day!!! This was a very encouraging sign to us becase even with the first time buyer tax credit gone we are still moving our finished rehabs quickly.

Here are the finished pictures: (you can see the before pictures HERE)

35 Dorothy Ave Chicopee MA

House for Sale Chicopee

35 Dorothy Ave Chicopee

Rear view of house and Garage

New Kitchen

35 Dorothy Kitchen

35 Dorothy Kitchen, New Eat In area

This kitchen really came out awesome!! We added granite counter tops and a top of the line Samsung stainless steel appliance package. As usual we did 18×18 tiles on the kitchen floor, but this time we laid them in a staggered pattern. The staging adds the finishing touch to make this great kitchen shine.

Dorothy Ave living room

Dorothy Ave living room

We found some really nice hardwood floors under that nasty old shag carpet. A little sanding and some poly and these babies shine!!! 

35 Dorothy Ave Bathroom

35 Dorothy Bathroom

Hampden Homebuyers House For Sale

Bathroom

The bathroom received a complete makeover. We added all new fixtures, tiled the floor and did our signature tiled tub surround with glass tile inlay. The staging brings some more color into the bathroom and gives it the finishing touches.  

Bedroom

Bedroom 2

The bedrooms were pretty straight forward…. some paint, redo the hardwoods, add add some new doors.

Finished Basement

Finished Basement with Wood Stove

Basement

 The finished basement came out really sweet and is a great selling feature. The nice thing about this house is it has two wood burning stoves, one in the basement and one in the living room. Those two stoves alone could probably heat the house throughout the winter.

So there it is….. 1 day on the market even with the tax credit being gone.

We are dealing with the whole 90 day seasoning mumbo jumbo, as the buyers lender doesn’t want to embrace FHA’s new policies doing away with the 90 day rule, but it’s not gonna affect our closing timeline too much.  

Well thats it for tonight. I’ve got 7-8 more properties that we are working on that I haven’t even mentioned yet, so I’ve got some catching up to do!!!!!

Comments

  1. Looks great…just make sure that with the tax credit long expired you sell this ASAP. Even the best properties can take some time in this market. Good luck.

    • Yep,

      Price them to sell and move them quick….. thats always been our gameplan. We’ll see how this continues to play out with no more tax credit.

      Thanks for stopping by and commenting Bird Dog.

  2. As usual nice job.

    Curious: maybe in blog posts could you post numbers? i.e. what you bought it for, rehab costs, etc.

    No need to indicate the sold price if you wish. I think most people would like to see the first two…

    • Hi Matt,

      Thanks for the comments.

      I’ll try to post some more numbers going forward. I’ve done it a couple times but I like to wait till the house is officially sold.

      We have a lot of buyers and agents that visit the site so sometimes I’m hesitant to give out too much info.

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