Now if you idea of home renovation sounds like slow forms of torture, or a good way to sap the color from life as we know it – understood. This one is a candidate for hiring a professional AND rehab lending (yes, it still exists) to fix up and enjoy. Completed by a professional (read: you still play golf on the weekends at Nashville Golf and Athletic around the corner, visit Lowes and Home Depot for light bulbs ONLY), and still finish up under *this year’s* market values.
Consider that the top sale in the neighborhood fetched a ‘wow’ $160/ft, but we still wouldn’t count on going to the top. Still, having shown it a few times, know that this house was in fantastic shape and kitchen was stunning. Upgrades and floor plan were not untouchable though; just a well done, well cared for home. Two other relevant sales have seen an equally ‘wow’ $110/ft, but one had serious unfinished space (a full floor actually) and the other had two floors of blank, hard-to-use square footage (cut up by the dormers upstairs, and hard to value in the windowless basement). Back to this Cool Springs home – if you could find your way into buying it right, put significant money into it (through cash, or readily available bank lending) – it could produce a property calmly valued at $140/ft. Note: Two other homes in the neighborhood just sold at ~$150/ft this year; one just six weeks ago on a terrible lot.
$140/ft = $560,000+ Interested in seeing past that BEAUTIFUL wall paper (grin)?