209 Gifford St, SOLD … House Flip Recap

May 29, 2010 by 10 Comments

We officially sold our rehab at 209 Gifford St on Friday. It turned out to be a very good deal for us.

We purchased this house right off the MLS. I used to be of the school of thought that there are no deals on the MLS… that if the house was a good deal the agent would buy it themselves, or they have pocket buyers that they send their good deals to. But that’s just not the case.

This property hit the market and we had our offer in within a day. There were multiple offers on the house and it went to highest and best. I think we were the second highest offer, but we were cash, the other higher offer was financed. If you remember what this house looked like you’ll know there was no bank that would touch this property. So we ended up not being the highest… but we were the best!!!!

This was a major rehab that consisted of gutting the whole interior, ripping off the second floor and rebuilding it with a full dormer.

Once the rehab was complete we sold the property to one of our own buyers, for full price, which saved us over $9,000 on commissions.

Below is the final video we did at the end of construction. You can see our before pictures HERE and our before video HERE.

Well, the house sure did come out gorgeous.

 

Filed Under: 209 Gifford St Springfield MA, Finished Rehabs Tagged With: , , , , , , ,

House Flipping Update – 209 Gifford St Springfield

April 17, 2010 by Leave a Comment

Work is now complete at 209 Gifford St and it will be going on the market.

This project went pretty smooth without any major problems. Our biggest challenge came in dealing with the water department over the main water line. See, the main water line was damaged inside the house during our initial demo and the city had to turn the water off at the street. Our plumber repaired the line but the water department said they wouldn’t turn our water back on because they didn’t allow soldered repairs to the main line, and they wanted us to pay to run a whole new line from the street. After much arguing they agreed to come out to the house and do a pressure test. The test failed, but it wasn’t because of our soldered repair, turns out the line was also broken somewhere underground between the street and the house. So the water department had to dig up the street and our yard to run a new line into the house, and we ended up having to pay for a new line anyways.

So, this house now even has a brand new main water line all the way to the street to go along with everything else that is brand new!!!

I still need some pictures with the house staged, and I do have a video, but here are my most recent photos for you to view:  (You can see the before photos HERE. )

209 Gifford St Springfield MA

209 Gifford St Springfield House for Sale

View of Kitchen

Kitchen with tile Backsplash

Kitchen looking into Dining Area

Stainless Steel Appliances, 18x18 tile floors

New staircase heading to Second Floor

Dining Area with shiny Hardwood Floors

First Floor Bathroom w/Tile Floor

Fireplace with new mantle and tile

Second Floor Bath w/ Double sink vanity

Body Jet shower panel with Tile surround and Glass Tile border

Master Bedroom

Bedroom with Skylight and Closet

New High Efficiency Boiler and Water Tank

This one was another full gut rehab for us. We ripped off the whole roof and second story, then we rebuilt the whole thing and added a full dormer off the back. The house came out awesome and we should get a quick sale.

Filed Under: 209 Gifford St Springfield MA Tagged With: , , , , , , , , , ,

Deal Updates – 209 Gifford St, Springfield

March 21, 2010 by Leave a Comment

Our sweet little cape on Gifford St is nearing completion. All the finish electrical work is done and the plumbers should be completing their finish work over the next week. We installed some new hard wood floors and added a nice deck to the back of the house.

We put a  FSBO sign out on all our properties as we are nearing completion and Dom has been receiving quite a few calls  from interested buyers. I also noticed quite a few google searches for 209 Gifford St finding their way to this blog. The property is in an awesome neighborhood and its a good sign that we are getting alot of interest already.

Heres a couple pics of some of the work;

209 Gifford St Springfield MA

 

New Front Entrance Just Added

 

New Deck just Built off Rear of House

 

Open Kitchen

New Hardwoods just Installed

Double Sink Vanity

Glass Tile Inlay

Stainless Steel Appliances, Birch Cabinets

This house has come a long way since we first purchased it.

Well thats all I’ve got for tonight. I’ll work on getting some updates done on a few of our other houses.

Filed Under: 209 Gifford St Springfield MA Tagged With: , , , , , , ,

Gifford St Update, Sheetrocked and Painted

February 3, 2010 by 2 Comments

The Gifford St house is a few weeks away from completion. All the sheetrock is up and everything is painted. Now it’s time for trim, doors, kitchen cabinets, etc….. We have some outside work to do, like building a deck off the back of the house, but this stuff is gonna have to wait till it warms up a bit.

Heres a look;

209 Gifford St

Dining Room looking into Kitchen

New Staircase

Living Room

Dining Room

New Second Floor Bath

New Second Floor Master Bedroom

Filed Under: 209 Gifford St Springfield MA Tagged With: , , ,

209 Gifford Update… Ready for some Rock!

January 16, 2010 by Leave a Comment

All the rough framing, electrical and plumbing is complete at Gifford and we passed all our inspections with no issues. Now we are ready to insulate the whole house and then hang our sheetrock. The guys are coming in this weekend to do all the sheetrock and we should have finished walls by next week.

Heres a video of how things look:

Things are coming out real nice at this house and the finished product is gonna look great!

Filed Under: 209 Gifford St Springfield MA Tagged With: , , , , , ,

17 Bessemer Before and After

January 2, 2010 by 4 Comments

Heres a look at the before and after of the property we rehabbed at 17 Bessemer St. This was our flagship deal of 2009. The stars seemed to align on this property; from finding it, to rehabbing it, to selling it…. everything went real smooth and the deal was very profitable.

The transformation was really amazing!!

Filed Under: 17 Bessemer St Springfield MA Tagged With: , , , , , , , ,

Gifford St Update and more deals….

December 19, 2009 by 4 Comments

It’s been a pretty busy 10 days since I last posted. We closed on a new rehab project on Parker St in Springfield on Wednesday. We also made deals on three new properties; the first is a two family that we are buying from a local money lender, the second is a short sale that we finally got approved after working with Bank of America for almost a year, and the third is an estate property that needs a pretty thorough cosmetic overhaul. 

On top of all that we still have our 6-7 ongoing projects and we will be selling two of our finished properties next week; 37 Mansfield St and 93 White St. 

Now for our ongoing projects….. Things are moving along well at Gifford St. Most of the rough framing is complete and the plumbers have been there the last couple days doing their rough in. The outside has been completely sided, the new roof is on and we’ve added the new driveway. Heres a look; 

New Driveway

 

New Second Floor Bath framed in with Tub and Plumbing

 

Second Floor Bedroom closet framed in

 

New Second Floor Bedroom with Full Dormer

 

Kitchen looking in from Dining Room

 

First Floor Gutted

 

New Stairway Going In

 

The electricians will be coming in next to do all their rough work once the plumber finishes up. From their we get all our rough inspections done and then it will time to for insulation and sheetrock. Once we get the sheetrock up it will start to look like a house again!!

Filed Under: 209 Gifford St Springfield MA Tagged With: , , , , ,

209 Gifford St Update

December 5, 2009 by Leave a Comment

Renovations are moving right along at the Gifford St project. When I last showed you this house it had no roof (see the picture above).

Now after a little over a week we’ve got the new roof on, the dormer is built out, all the new windows are installed and the house is being wrapped in vinyl siding. Once the outside is complete, the roof is shingled, and the property is weather tight we’ll begin framing the new layout on the first and second floor.

Heres a look at the house so far;

209 Gifford; siding under way

Gifford St with New Dormer and Roof Line

Rear/Side View

New Dormer off Back of House and Repaired Chimney

New Second Floor

New Second Floor

Skylights added to Front of House

This will Soon be 2 Bedrooms and a Full Bath!!!

 

So thats where we’re at now. It’s a pretty significant change from what we started with. The raised roof line and bumped out dormer gives us a ton of room on the second floor. We’ll now be adding two large bedrooms and a full bath up there.

Well thats about it for tonight. I’m taking a lead abatement class all day tomorrow so I can become certified to remove lead from our properties. This is gonna come in real handy…. especially on the multi family homes so we’ll have no problems getting clean lead certificates.

Filed Under: 209 Gifford St Springfield MA Tagged With: , , , , , ,