This will be the only post for today. More tomorrow, and thank GOD for our readers!
Boomtime asks:
Duggo-…Maybe you can provide further insight on 1330 Chestnut, a 3/2.5 remodelled lower unit condo asking $1.495 mil. It was purchased for $1,025,000 last year as the market slowed. I’m curious if you know what the estimated remodel cost is? Would love to get feedback from people here. I’m guessing 200K remodel… perhaps a $200,000 profit in one year?
Heres the link: 1330 Chestnut.”
Duggo’s Answer:
…hard to say what the remodel costs were, since I’ve not actually seen the place. But only judging from the photos, I’d say the remodel was more like $350 k.. The kitchen appears to be about $100k..with the granite and oh so trendy but requisite stainless steel appliances. I’d say the master bath was $75k.. Nice cast in place concrete sink.. Pretty nice plumbing fixtures, finishes and lighting. The other baths probably $30k each..+-…Then there’s other remodel stuff.. The exterior decks, lighting, flooring, and maybe some electrical and plumbing upgrade.. Anyway, thats how I would arrive at about $350 k.
Anyone else care to add insight? I’m off to write an offer, and of course will report back how it goes…it will be competitive.
–1330 Chestnut [mls]