Ardmore home rehabbed sold for nearly twice cost

Rehabbed Ardmore Single sold for 265K

This 4BR/1.5 Bath   1300sf Lower Merion/Ardmore single - near Spring & Holland Aves. was purchased at its list price of $150,000 approx 1/1/2010. I toured the 1400 sf home at the time and was impressed with its potential, especially given the attractive price. It needed a lot of updating but had solid bones and was snapped off the market in 3 days at the above state price.

By May 2010  the rehab, including Central Air, was complete and the home was put on the market for 299k. Approx. one year after the Jan 2010 purchase, this home was purchased in early 2011 for $262,500 after sellers assist. I  think the proud new owners got a great deal for a handsome renovated single-family home in the Lower Merion School District, just  steps from the hallowed greens of Haverford College and vibrant downtown Ardmore. I sincerely hope the rehabbers/sellers did as well on the flip as their lucky buyers.

A home in a diverse, transitioning neighborhood was handsomely restored, reasonably priced, and ideally a win-win for the buyers, sellers and neighbors. This home was perhaps priced so well prior to rehab because it was a guardianship/estate-type of situation.

Full-time Realtors such as Ted and Heather Gross, 610.348.7972, scrape the multiple listings service daily for outstanding values, and our services as your Buyer's Rep come at no charge as we earn commissions via the sellers. Don't hesitate to email us or call us direct if you are looking for a home in R5 Rail country, including Lower Merion, Radnor, Philadelphia townships. Call or email  info@R5Realty.com .