Last featured on the blog in August is this 1962 Palmer & Krisel-designed home in Paradise Palms in Las Vegas, Nevada that’s been
modified with a late 1970s Spanish-style influence. Selling a month later in
September for $159,000, this home is back as a flip for $219,998. The general
layout is the same, featuring four bedrooms and three bathrooms in 2,207 square
feet, including an in-ground pool all on an 8,700 square-foot lot.
So what does $60,000 buy you in a flip? From the looks of
it, it boils down to lots of beige paint, new kitchen cabinet doors and granite
counters, renovated bathrooms, new floors, a cleaned up yard and water in the
swimming pool. The pre-flip purchase price was slightly on the high side but
could have afforded a new owner to correct some of the non-conforming changes
that had previously been done to the home and return it to its modernist roots;
however only mild cosmetic changes have been made.
|Front of home|
Out front, little has been changed except for the paint
color. There could have been a great opportunity to open up the entire yard and
enhance the curb appeal of the home by removing the front yard wall and fence,
which doesn’t even fully enclose the yard. The red tile roof, purely decorative
and added in the late 1970s, could have been removed to re-establish the original
form of the roofline, and a little color could have been added to tone down
some of the 1970s alterations while playing up the midcentury lines of the home.
|Original rendering and floor plan|
|Master bedroom off of entry|
|Master bedroom off of entry|
|Living room - note original clerestory window cutouts above fireplace|
|Living room - note competing flooring|
Inside, the added master bedrooms sits just to the left of
the entry, while the original living room sits to the right. The original
clerestory windows above the fireplace remain unrestored, which could have been
another design problem solved during the flipping process. Instead, their
cutouts remain leaving future owners to make the decision to restore or not. The
flooring in this room alternates between laminate and tile, which chops the
flow of the room up and makes the space read as slightly off.
|Kitchen has received new cabinet doors and granite counters|
|Kitchen - note notch to the left is distant location of fridge|
|Family room - note competing flooring layout again|
The kitchen has received new door fronts on the cabinets,
but the boxes appear to retained and stained to match the new doors. Lots and
lots of granite has been added, and the funky refrigerator location across from
the working kitchen area reamains. The family room still sits off
the kitchen, with beige paint added and another funky flooring layout combining
laminate and tile to compliment the layout in the living room.
|Secondary bedroom - covered clerestory windows are still visible|
The bedrooms have all received fresh coats of beige paint
and new carpeting, adding a third flooring style to the home. The three
bathrooms have all received new granite countertops above the existing
vanities, floor tile in the tub and shower surrounds accented with mosaic
tiles, and more fresh paint.
|Backyard has been cleaned|
|Patio and pool|
|Water has been added to the pool, but there's still lots going on back here|
Out back, water has been added to the once-empty pool –
hopefully new plaster was added, otherwise the new owners may have some surface
issues to contend with. The rest of the yard has been cleaned up, awaiting for
a new owner to give it a modernist makeover.
At the current price, a full restoration is a bit cost
prohibitive, and the low-cost modifications made during the flip make it hard
to justify a $60,000 price increase on renovations that are purely cosmetic, but the home is move-in ready and could make a great long-term project
and could serve as a great example of how to un-flip a home.
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