Since our first round of Guess the Price was a popular success (results here), I thought we should have a go at round two. This time around we’ll bring it closer in with a recently-listed remodel flip in Capitol Hill.
Here’s a refresher course on how the game works. I’ll describe a home that’s currently on the market, giving you as many pros and cons as I can, and you guess what the final sale price will be when/if it sells, and the closing date.
Be sure to enter your real email address into the form when you leave your guess in the comments, because the winner gets a $25 gift card to the restaurant chain of their choosing. Don’t worry, I’m the only one that can see the emails that are entered. The winner is the person whose guess is closest to the final sale price, above or below. If there is a tie, whoever guessed closer to the correct closing date will be declared the winner. Contest closes to entries at midnight the morning of July 31st, or when the home goes pending, whichever comes first.
Today’s “Guess the Price” guest star is 1520 24th Ave E in Seattle. With a current asking price of $649,000, this home has been on the market for 18 days, and is neither bank-owned nor a short sale. It sits close to the Washington Park Arboretum in the northeast corner of Capitol Hill, where the median sale price of single-family homes in June was $748,000.
Built in 1924, this 1.5-story craftsman (with basement) sports 4 bedrooms and 2 bathrooms. 1,820 of the home’s total 3,080 square feet are above-ground, with an additional 1,260 in the basement.
The lot stretches all the way between 24th Ave East and Interlaken Place East, with the driveway coming in the back of the home off of Interlaken Place East at a bit of a slope. The exterior of the house sports a new paint job.
Inside, the hardwood floors have received a fresh refinishing, the walls are all freshly painted, the main floor has high ceilings, and new recessed lighting has been installed.
The totally-remodeled kitchen features a massive 6-burner gas grill, all the usual stainless-steel appliances, all-new cupboards, and tile floors.
The most notable downside to this home is the basement, which has visible cracking and separating in multiple places. The house also sits on a relatively steep slope.
This house was purchased by an apparent invester for $370,000 in April, was totally repaired, remodeled, and re-listed on July 2nd at $678,000. After just nine days on the market, the price was dropped $29,000 to the current asking price of $649,000.
Summary of 1520 24th Ave E
- Pros
- convenient neighborhood
- close to the Arboretum
- total remodel
- brand new kitchen
- hardwood floors
- Cons
- lot has a relatively steep slope
- steep driveway
- cracking / separation in basement
- moderately busy street
So, what say you? How much will this home sell for, and when will it sell?