On 32nd Avenue, a lovely home built in 1908 and in need of of some gentle updates came on the market back in late October asking $1.595 million. The three-bedroom, one-and-a-half bath house is filled with simple elegance, from its yellow-accented facade to its white-painted wainscoting and beamed ceilings. The house was on the market for the first time in 55 years, and its age showed in places. The kitchen in particular is woefully out of date, with yellowed linoleum and ancient appliances. The home's need for upgrades didn't dissuade buyers, however. Last week it sold for $2.03 million, a solid $435K over asking.
Although the house needs some work, we hope that the buyers don't modernize it too much. One of its best spaces is on the top floor, where a room with sloping ceilings and white-paneled walls is packed with rustic charm.
The financing on the home's purchase hasn't been disclosed. This means that it's hard to tell if the house was bought with cash, which would signal a likely flipper purchase. However, it was certainly marketed as a fixer-upper. The brokerbabble encourages buyers to "create the perfect home for contemporary living" and claims that the house is "ready to be reborn." We can only hope that this house doesn't show up again next year with open plan interiors, a perfectly manicured backyard, and a price that is double what it just sold for.
· 243 32nd Avenue [Redfin]