Finished another project and had not had an opportunity to update it in the blog. We completed another full rehab in Ormewood Park. The house was a huge mess when I first found it. I put an offer in, got it and then the bank that was looking into making the loan on it folded. I lost my earnest money and went looking for another property.
After several bid wars on a couple of properties in this same area I stopped looking since there seems to be a lot of inside deals going on- meaning that by the time a foreclosed property actually comes into the market and is listed it has most likely been "promised" or "set-up" for a friend of the foreclosure real estate agents' to buy.
But getting back to the project initially I lost. The same property came back on the market a year later for about 8k less. I made a full price offer and got it under contract again. This time the deal closed. The house was in worst shape than when I initially had an offer on it; huge hole in the roof, beyond repair sheet-rock, gutted baths, no ac, nasty air vents and the house was chopped into several small living areas that did not connect.
After tons of work the house was finished and sold by owner.... will post pics of the after- as it is a very nice house!
For more pictures click on the listing for the property below:
Happy to announce there are more projects ready! One is ready and one is still in progress, slated for completion in late February. One property is in Ormewood park on Ormewood avenue and the second is in Brownwood Proper, East Atlanta on Brownwood avenue. Both houses are awesome and each is unique in its own way; perfect for their new family whomever they may be!
The two projects are about 95% complete and will be available the second week of March 2008. Both projects turned out exceptionally well. They will be on the market in a few days and the new owner will soon get to enjoy all the details that went into each house. Pictures of the completed projects will also be available.
There are two new projects under way. Both are located in the 30316 zip code. One is located in Gresham Park on a quiet dead-end street. The second is on a main avenue in beautiful Ormewood Park. Both are in-depth renovations with attention to detail, built-ins and functional finishes.