House flip at Upper Monroe
This house in the Upper Monroe area is getting a makeover. (January 7, 2019)
Jamie Germano, @ jgermano1
The house had fallen into disrepair. The owner needed to move to a smaller place suitable for aging. The 2,200 square foot home has been in the family for two generations.
A little over a year ago, real estate agents and investors Sal and Davide Salafia bought the house built in 1914 for $ 100,000. Over the course of over a year, they spent over $ 80,000 on improvements while paying taxes and utilities on the property to prepare it for resale. Older homes still have hidden issues, and this one was no different with the entire electrical system needing to be rewired.
âIt took a lot more than we thought,â said Davide Salafia.
Now, 16 months after purchasing the home that required extreme attention, the 127 Crosman Terrace has just hit the market for $ 289,900. The Salafias, known as Rochester’s Property Brothers for their home flips, hope the desire for pedestrianized neighborhoods will inspire potential buyers to check out their latest project.
The Upper Monroe neighborhood is popular for home sales, as buyers seek urban areas close to the city center and restaurants, Davide Salafia said. This home is close to Jeremiah’s Tavern and other restaurants and bars as well as shopping on Monroe Avenue. Buyers are also looking for ready-to-move-in turnkey homes, he added.
Every inch of the old house has been updated. The kitchen has been gutted and replaced with white cabinets that are currently in fashion and quartz countertops. A back porch has been renovated into a bathroom on the first floor. The original hardwood floors have been restored.
To keep the historical integrity intact, the Salafists chose not to tear down the walls to create an open floor plan. This means retaining much of the original woodwork and built-in features of the house. It also means that the rooms have retained the original layout of the house with walls separating the various living spaces.
Gray colors have been popular and the house is painted a light neutral beige on the inside and the exterior is painted in a trendy dark blue-gray.
The brothers worked with home stager Tracey Dietz to furnish the house in a modern minimalist style. Staging a house helps attract buyers because it helps them visualize what it is like to live there, Sal Salafia said.
Now the house is ready for the show. Will buyers bite for $ 289,900? Time will tell us.
Mary Chao is the real estate and retail reporter at Democrat and Chronicle. His column appears Saturdays in Real Estate and Rental and online at DemocratandChronicle.com. Email him at [email protected]
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