This neighborhood is still alive and flipping

Today I took a few moments to find some properties in my own neighborhood where there is still money to be made in the art of ‘flipping'.

I singled out a few properties in the area where some investment gurus have made some minor to major changes and are still coming out ahead even in this debatable housing market slump.

This property was sold for $240,000 9/07 and is now pending at $350,000 (as of 5/08).

Before

After

This property was sold for $220,000 7/07 and again for $346,500 1/08.

Before

After

This property was sold for $230,000 6/07 and again for $374,800 2/08.

Before

After

This property was sold for $220,000 7/07 and again for $390,000 11/07

Before (this property sold in '0' days, so don't blame the Realtor for not taking photos :-) )

After

This property was sold for $306,000 1/08 and is now an active listing at $410,000

Before

After

I wanted to demonstrate a few of things with this post:

• The market is not as bad as everyone may think
• Interior pictures are important to the appraiser, buyer and other agents
• A coat of paint and some staging never hurt the sale

Update 7/11/2008

I couldn't resist adding this house now that it's finally active on the market. The transformation is incredible (sold for $229,000 listed for $449,900):

Before: After: