“What’s Up With All Those Colored Flags in the Front Lawn??”

When the home pictured above closed six weeks ago for $447,500, everyone’s assumption (including mine) was that the Buyer was going to do extensive updating.

After all, the home — located on Basswood Road just two blocks west of Cedar Lake, in St. Louis Park’s Fern Hill neighborhood — had great bones and curb appeal, but a functionally obsolete, 1950’s floor plan.

So I was puzzled when I drove by today and saw utility workers marking the home’s water, gas, and electric lines in the front lawn with multi-colored flags.

The explanation?

All the utilities to the home are being disconnected, in preparation for tearing it down and building new construction.

P.S.:  It’s certainly possible that the new owner is re-using the almost 2,600 square foot foundation; that’s an increasingly popular way to hold down construction costs (see, “Now, THAT’S Recycling“).

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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