A Front Row Seat to the Battle of the Flippers

Oooh this should get interesting. Two homes on my street with very similar specs, both sold in January and both being flipped, both came on the market yesterday.

The Contenders

3609 Wetmore 2 Beds, 1 Bath, 1,106 square feet 4,792 square foot lot Built in 1912 Bought 01/12 for $91,500 Asking $189,000

3417 Wetmore 2 Beds, 1 Bath, 1,184 square feet 4,356 square foot lot Built in 1910 Bought 01/25 for $82,000 Asking $127,000

From the photos on each listing it definitely looks like the flippers of 3609 Wetmore spent more time to really make the home shine, but will the extra polish be worth a $62,000 premium to buyers?

Interestingly, at 2.1 times their purchase price, 3609 is actually more conservative than these flippers’ most recent Everett project (featured on here in September), which they successfully turned around for 2.4 times what they paid for it.

Whatever happens, it should be interesting to watch. I’m hoping they both have open houses this weekend so I can go check out the quality (or lack thereof) of the rehab work in each up close.