Tag

teardown

Edina Teardowns: On a Tear

30 Slated for Edina So, where is residential new construction in the Twin Cities booming? Try . . . staid, mature — and now sizzling — Edina. At the moment, the city has issued 30 permits to tear down existing housing and construct new. Land and building costs being what they are, you’d estimate that...
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$447,500 . . . for just the land!

“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...
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List Price Guessing Game

“Location, Location?” Test your knowledge of Twin Cities real estate, and guess how much the Minneapolis home pictured above is listed for. A. $75,000 B. $149,900 C. $500,000 D. $995,000 Need a hint? The home overlooks the Midtown Greenway, and is located between Lake of the Isles and Lake Calhoun. Give up? The correct answer would be...
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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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Extreme Makeover – Fern Hill Edition

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...
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