Tag

gut renovation

2518 Joppa in St. Louis Park’s Fern Hill Neighborhood: What’s It Worth?

Renovated 1950’s Rambler by Cedar Lake Asking $825k(!) [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] No one would be happier than me if 2518 Joppa — new on the market yesterday — fetches its $825k (really) asking...
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“We Love it So Much, We’re Going to Gut it!”

All-New Everything Believe it or not, the headline of this post isn’t an oxymoron — or even an insult. On the contrary, a Buyer who intends to do a “stem-to-stern” renovation is the salvation of more than a few Sellers (see, “Tear-Down Economics“), who have neither the inclination nor resources to do needed, major updating — and...
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