“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“).
