Where: 4906 Old Cedar Lake Road just south of 100 & 394 in St. Louis Park What: 3 BR/1 Bath rambler built in 1924 in very rough condition How much: asking price $89,900; sold price $78,500 When: listed 3/26/2010; off-market 4/21/2010Read More
Where: 4906 Old Cedar Lake Rd.What: completely rehabbed, 3 BR/1 Bath home with just over 1,000 FSFWhen: on market Sept. 3 (Fri.)How much: list price = $189,900Read More
Worst-to-First on Huntington You’re not likely to recognize the home pictured above — 2820 Huntington Ave. South, in St. Louis Park’s Fern Hill neighborhood. And no, it’s got nothing to do with the snow being gone. Rather, it’s because there are multiple dumpsters in front, and the place is swarming with contractors. Extreme Makeover What’s...Read More
In Buyer’s Market, Rehab Discount Widens Less than three years ago, the discount on a solid-but-dated home was quite small — maybe 10%. Today, at least anecdotally, it seems to me that the corresponding discount has widened considerably, to perhaps double that. (Note: at any given time, there are two kinds of Buyers for rehab...Read More
$30,000 Houses: Smarter to Raze than RestoreWhen the share price of a company traded on the New York Stock Exchange (“NYSE”) falls below $1, it faces the prospect of being dropped from trading (“delisted“). Presumably, the rationale is that such companies are in extremis, and, for the health of the broader market as well as...Read More
