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Neighborhood Stabilization Program

Before & After Remodel Photos of a Burned House

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It’s a victory for any neighborhood when a problem house is remodeled. That’s what happened with a home I recently inspected in the Sacramento area. I did two appraisals on this one since the property is going through the Neighborhood Stabilization Program (NSP). The first appraisal was during acquisition and the second appraisal established the list price.

You might remember this house from a “burned and crispy” video tour I did about six months ago. This is really a different house though now because of the extensive work completed as well as a permitted addition to take it from a 2/1 to a 4/2. Yes, I do have permission to share these photos. No, this is not an advertisement. These are all my images and I actually juxtaposed these pictures for free for Housing Group Fund so they could share them. Enjoy.

What do you think?

HGF - Before & After - Front

HGF - Before & After Bathroom

HGF - Before & After - Kitchen

HGF - Before & After - Living Room

HGF - Before & After - Rear

For reference, here is the video I shot back in December on my cell phone when this house was still torched. Watch below (or here).

I hope you enjoyed the pictures. I really love this type of appraisal work because it’s so nice to see something positive happen in a neighborhood. This type of transformation is always good. And on a smaller note, it was nice to be able to walk through the front door instead of unscrew a boarded window to gain access (like I did during the first inspection).

Which images strike you the most?

If you have any questions or Sacramento area real estate appraisal or property tax appeal needs, contact me by phone 916-595-3735, email, Twitter, subscribe to posts by email or “like” my page on Facebook

Flip that burned house: before and after photos

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People can change and so can houses. Do you believe that? That’s a loaded question, I know. Maybe sometimes it’s easier for a house to change though.  Anyway, I appraised a fire-burned home in Citrus Heights a few months back and I stopped by the rehabbed version this morning to check things out while in the same neighborhood on an appraisal inspection. Housing Group Fund flipped this house with  Neighborhood Stabilization Program (NSP) funds, so you know it was done to very high standards. The difference is remarkable and change like this pumps me up because it’s really good for a neighborhood. What do you think?

fire burned house before and after photos

fire burned house kitchen before and after

fire burned master bed and bath before and after photos

burned house bathroom before and after photos

NOTE: The first three “after” photos are MLS photos and the “before” photos are my own. The agent’s “afters” turned out better than most of mine this morning, so I used hers instead. Contact Real Estate Agent Tera Coombs for more information on this property. And no, I am not being paid to promote this listing. I just think things like this are worthy of sharing. A bit of good news is nice these days in our economy, don’t you think?

If you have any questions or Sacramento area real estate appraisal or property tax appeal needs, contact me by phone 916-595-3735, email, Facebook, Twitter or subscribe to posts by email.

Search for bank-owned houses on HUD’s new REO portal website

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Last week HUD launched a new website to track bank-owned properties. The goal of the website is to help REOs be absorbed more strategically in the market, particularly for those using the Neighborhood Stabilization Program (NSP). The real positive of the site is to be able to see foreclosures lumped together in a neighborhood or city and quickly identify who has the most REOs (HUD, FNMA or Freddie). However, a tool like this is really only useful if the data is fresh and accurate. See the HUD REO website HERE. Thanks Dave Towne for the link.

Ultimately, I wonder whether investors and home owners would actually use this tool when many of them have Sacramento MLS at their disposal either personally or through a stellar local agent.

What do you think? Do you see any real use here or is this simply a neat tool with little impact? If you use another foreclosure tool, how does this website compare? I’d be especially curious to hear from investors and real estate agents.

If you have any questions, or real estate appraisal or property tax appeal needs in the Greater Sacramento Region, contact Lundquist Appraisal by phone 916-595-3735, email, Facebook, Twitter or subscribe to posts by email.

A major remodel of a $5,000 house in Sacramento

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This house was a major Oak Park fixer, and it actually sold in 2010 for $5,000. No, I’m not kidding. This was the lowest sale in all of Sacramento County last year, and there was certainly a good reason for that. Have a look at the video below to catch a glimpse of images throughout the rehab process and a walkthrough of the finished product.

This property was rehabbed by Housing Group Fund under the umbrella of the Neighborhood Stabilization Program (NSP) through SHRA. I shot this video during an appraisal inspection, and I have full permission to share the video and information (otherwise I would not be sharing it). And no, I’m not asking blog readers to buy this house and I’m not marketing to you either. I simply want to share a video about a house we’ve talked about here on the blog a couple times already. 

What do you think?

If you have any real estate appraisal, valuation consulting, or property tax appeal needs, contact me at 916.595.3735, www.LundquistCompany.com or via Facebook.