464 Dewey Blvd, San Francisco
Site Conditions
- County records measured the home as a 3-bedroom, 1-bath home
- Pest report revealed almost $70,000 in dry rot behind the stucco, a faulty shower pan and unsafe rear decks
- Estate had very limited funds, but fiduciary located money for repairs
- Home next door listed for $1.395M with no offers, trustees to the sale were furious Craig wanted to list at $1.199M
The Numbers
- Listed $1.199M
- Sold $1.625M
- Offers – 9
- Days on market – 14
Results of Our Work
- Confidently marketed the home as a 3 bed, 2.5 bath
- Property stood out as a fierce competitor in the neighborhood, quickly received multiple offers and went into contract
- Trustees were very happy and relieved
When There’s a Collection of Obstacles
Craig’s favorite aspect of this project was how confident the sellers were that they knew more than he did. It seems that they’d watched many seasons of home renovation shows on TV.
The property was unoccupied for several years while the trustees fought between themselves over personal property left in the home.
Craig took the listing with one condition—they were not to return to the home once the resurfacing work orders were signed. The professional fiduciary hired by the estate supported that request.
When the trustees learned we put the home into contract for $1.625 million, their anxiety melted away.
464 Dewey Blvd Resurfacing Plan
Task | Cost | Description |
---|---|---|
Exterior Landscaping | $5,300 | Remove several overgrown trees from front, back and sides of home. Weed, edge and apply ground cover. Restore rear decks by replacing rotten wood members. |
Interior Painting | $5,000 | Bleach exterior rear and side surfaces. Caulk, prime and paint where stucco is cracked. Clean, prime and paint decks to a finished grade. |
Interior Painting & Lighting | $17,700 | Repair rot and damaged wall surfaces, patch and sand. Remove wallpaper. Paint entire interior, including kitchen cabinets. Designer color choice. Upgrade lighting throughout the home. |
Bathroom Repairs | $3,400 | Replace missing tiles and grout in both bathrooms. Apply epoxy coating to tile in one bathroom. All three bathrooms resurfaced to an acceptable appearance for marketing the home. |
Professional Cleaning, Power Washing | $1,300 | Clean all appliances, surfaces, bathroom, filters and lights. Wash windows inside and out. Power wash exterior brick staircase, mildew areas. |
Total | $32,700 | Work completed in 15 business days. Advance planning of 3 weeks to line up work, secure dates. |
*Professional staging – $6,400