Built in 1930, this little house was in big disrepair as you can see from some of the "before" shots below. And though we have all kinds of love for old houses, there wasn't much worth salvaging in this uninhabitable house, so we gutted the H-E-Doublehockeysticks out of it and are in the process of tacking on an additional 1,200 feet. We should wrap up things at this Stockell Street house by early February.
We're right on time, too, it seems; home values in East Nashville's Cleveland Park are at an all time high. According to this blog post, "[In McFerrin Park and Cleveland Park] 33 total homes have sold for over $200K in the history of the MLS. A whopping 55% or 18 homes have close in 2013 above the $200K price point. Keep in mind, the media price of these neighborhoods was $53,900 just 10 years prior. In 2013, the median has almost TRIPLED. Buyers who are looking to make it into East Nashville before the gold rush is completely over should be jumping into this neighborhood…like yesterday."
This isn't our first home flip in Cleveland Park, nor our first on Stockell Street. Here was our first one.
Keep checking in here on the Urban Properties Nashville site to follow the progress at 1009 Stockell Street. We're really stoked about how this one is going to turn out.