FROM THIS....
TO THIS...
This bungalow at 114 W. Powhatan will soon be hitting the MLS as a 2/2 with detached garage and a porte-cochere for $137,500. Already shown to one Realtor who asked to see it with his buyers who are frustrated by the limited inventory. As your real estate expert in the neighborhood, I see a lot homes before they even hit the market.
This bungalow home has undergone a complete transformation. 2/2. Hardwood Floors in living and dining. Custom period windows for the front of this stylish bungalow. Rennovation included re-opening of part of the original porch, thousands of dollars in structural work. Two all new bathrooms with period subway tile. All new kitchen with butcher block counters. Stylish lighting. Fireplace accent (not warranted as wood burning) with built-in side cabinet. Detached 1 car garage and original porte-cochere. All new wiring.
If you are looking for a home in the historic heights neighborhoods of Tampa... I am your best source.
Rick Fifer, 813-758-7444, Florida Executive Realty
This Seminole Heights gem dates from the late 1940’s and has been lovingly cared for by the current owners who have updated, restored, and expanded it during their ownership. You will immediately notice the strong curb appeal and cozy front porch of this vintage 3/2 home with 1524 sq ft and its one car garage. Original hardwood floors, doors hardware, bathroom tile and other embellishment give this home a retro-charm. The master bedroom suite was added on in 2009 with care and 
sensitivity to the character of the original home. The electrical, plumbing, air conditioning and duct work are all newer updates. The home’s exterior siding was repaired and replaced just last year. The paver driveway and rear patio are other improvements that compliment the charm lovely home. This home shows the pride of ownership that is so hard to find in the current market. If you are looking for character and charm in a well maintained home, don’t wait because there are very few available. Just 2 blocks from Publix and convenient to all the restaurants for which Seminole Heights is becoming known.
To see all the images of this charming 40's bungalow please visit: www.Vintage-Homes.com
Happy House hunting from your vintage home specialist.
Rick Fifer, 813-758-7444
Florida Executive Realty
If you are looking for a home in central Tampa (Seminole Heights, Riverside Heights, Wellswood, V.M. Ybor, Tampa 
Heights) the range of prices can be completely bewildering. One house is a 3/2 at 40K another is a 2/1 for 140K. Zillow gives a “Zestimate” 65K. What gives? Welcome to an older neighborhood in Florida.
Statistically a short-sale listing is discounted by about 28% based on state-wide data. If it is a bank owned property (REO) is has an even steeper discount, about 35-40%. Discounted is a key word, if you take your typical short-sale or REO list price and multiply it the percent discounted (example 50Kx1.28= 64K) that is much closer to the market price/value. However, in a neighborhood where 85-90% of the homes are over 50 years of age there is another factor affecting the ability to sell the property…the ability to pass a 4-point inspection for insurance. That is a minor issue in younger neighborhoods in Carrollwood, New Tampa, and Brandon.
A home that is 50 years or older needs to pass an inspection of the roof, electrical, structural, plumbing systems. The pretty bungalow that seems a bargain can’t be financed because it has obsolete knob-and-tube wiring which no one will insure. Your dream house has a roof that is shot so it fails the insurance inspection. Yes a new roof might only cost $5000 but you can’t get financed because you can’t get insured. It is a catch-22. So what happens to these homes?
The 50 year old house that can not pass the insurance inspection takes an 
even bigger price cut. That home now has to be priced to appeal to a CASH BUYER. That is a discount of 60-80% of what it might sell for if it was insurable to a level satisfactory to mortgage lenders. That is a factor that sites that give automated values can't factor into their models (Zillow is the most well known) because it requires a real ground level understanding of what is influencing values in an area.
This may sound a bit crazy but I have had several examples this year of homes that went to cash buyers for under 45K and resold for 110K or more after being fixed, some with less than 15K in repairs.
When you take out the homes that will not pass the insurance inspection the available inventory is very scarce in central Tampa.
Just click the image with my contact information to search my site for your perfect bungalow or vintage home.
"Because something is happening here
But you don't know what it is
Do you, Mister Jones ?"
The chorus from Bob Dylan's Ballad of a Thin Man is reflective of what is happening in our local real estate market. Properties are moving at one of the quickest paces in more than 4 years. New short sales in good condition are receiving multiple, above list price offers. Still the talking heads say the market isn't done dropping. Yes something is happening. We have to live into the future but looking in the rear view mirror say are market has changed. When I said the collapse had begun in my market in 2005 people told me I didn't know what I was talking about. Now I am getting told that all over again.
I just met with an appraiser today, pulled some comparable properties that have sold or which are pending. The many of nicest homes in the greater Seminole Heights area have all gone under contract in 60 days. Same discussion I had with an appraiser last week. And the week before. Different sizes, Different locations but all under contract in less than 60 days. Many aren't even remaining active for even a month.
So do all those folks talking about real estate have you confused? You are not alone. I just met with a customer about listing her home. She spoke to another agent told her she would be lucky to sell it for 59k! Silly me I told her a figure significantly higher and I wasn't trying to "buy the listing."
Just one more reason to list with a local agent that actually KNOWS the neighborhood. Just click the image below.
How many times have to seen a great home with no storage space? That won't be the case with this home. 
How many Florida homes can offer you a cement basement with over 800 sq ft? Okay you're not just buying a basement; this home has 1350 sq ft of air conditioned space with a large eat-in kitchen, living room, family room/dining room, 2 very spacious bedrooms, and 2 baths. The master bedroom is large with its own bath and a walk-in closet that is nearly the size of a small bedroom. Wood floors in Living room, family room and hall, ceramic tile in kitchen and baths, carpeting in bedrooms Enjoy the energy savings of the newer double-pane low-E glass casement windows. There is an attached oversized 2 car garage with steps down into that enormous basement. Huge fenced back yard. This great home is located in the Hampton Terrace area of Seminole Heights.
MLS: T2465498 Asking price 160,000
For more images please visit my website at Vintage-Homes.com
Rick Fifer, 813-758-7444 Florida Executive Realty
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When buying or selling a vintage home would any agent do? I'm your "old house" Realtor for bungalows & vintage homes in Seminole Heights, Palma Ceia, Tampa Heights, Riverside Heights, and beyond.
Originally from the suburban Philiadelphia area, I came to Tampa in 1983. My undergraduate degree is from West Chester University in Pennsylvania. I have two graduate degrees from the University of South Florida. Prior to going into real 
estate, I spent 20 years in social work doing eveything from case management, supervision, contract management, and as a program director. I currently live in the Seminole Heights neighborhood with my two dogs, Homer (from the Humane Society) and Cicero who I adopted at a neighborhood yard sale over 12 years ago.
My first home was in the Hampton Terrace section of Old Seminole Heights and Seminole Heights has remained my home 16 out of the past 18 years. I have completed renovations of my third bungalow home in Seminole Heights. But there is a character and charm in vintage homes that I can't resist. Some might say that makes me a glutten for punishment but I have come to love the challenge. Each time I say I'm staying put life has a way of introducing change. So will this be the last personal home renovation? Who can say. Even the two years I moved back to Philly, I had to renovate a home while I was living 
there. I think it is an addiction.
Along the way I gained a bit of knowledge and learned a lot of new skills. This has often proven helpful when working with customers since my speciality is historic and vintage homes.
During my years in the Seminole Heights area I have actively worked with many equally dedicated neighbors to bring positive changes to our central Tampa community through volunteering in a number of ways. As a former President of the Old Seminole Heights Neighborhood Association (OSHNA), the South Seminole Heights Civic Association (SSHCA) and the Business Guild of Seminole Heights (BGOSH), I have seen tremendous changes made within all of the Heights neighborhoods over the years.
While I am dedicated to providing excellent service to all of my customers. When you start talking about Seminole Heights is when you really see my passion and commitment to community. To search for homes in: Old Seminole Heights , South and Southeast Seminole Heights, and Riverside Heights. Or maybe you are like me and are drawn to Vintage homes, well I have a search that will match your budget, however modest or grand. Just visit: Vintage Homes
My first and foremost I strive to provide each of my customers with superior customer service. That applies to both my buyers and sellers. I don't disappear after listing your home but I keep you informed with feedback until your home sells! As a buyer, it is not about getting you into contract and moving on, I am very hands on involved in making sure everything runs smoothly. Whether you are a buyer or seller, the words of my past customers below speaks best to my commitment to my customers.
Tampa has many unique neighborhoods just like any city. My goal is to help you get the home you want in the neighborhood that meets your needs and budget. However, my speciality is bungalows and vintage homes in historic Tampa neighborhoods like Seminole Heights, Palma Ceia, Tampa Heights, Riverside Heights, Hyde Park and Ybor City. These neighborhoods are noted for their historic homes, brick streets, sense of community and historic districts. Bungalows from the Craftsman era are the most common of the historic homes and can be found each of these neighborhoods. In that sense I am selling
not just a house but neighborhoods and communities to which I am deeply committed.
Historic Districts. Tampa has 7 designated historic districts: Hyde Park, Ybor City, Seminole Heights, Tampa Heights, Davis Islands, West Tampa, and Hampton Terrace. I love the charm, character, and craftmanship that can be found in older homes. Some have been neglected and abused but they have stood the test of time. And personally, I don't think they still build them the way my great-grandfather and his generation did. But of course he didn't build in hurricane alley or in termite heaven.
First time buyers. Years ago when trying to buy my first home, the downpayment and closing cost were a hurdle that kept me from buying. I would talk to agents and even some lenders who wouldn't give me the time of day or point me in the right direction. I haven't forgotten those days and so I try to connect my first-time buyers with resources to purchase their first home. Using these programs require a greater investment of time on the part of buyers and mine as their real estate agent; generally take a bit longer to go from contract to closing (one reason many lenders and real estate agents don't get involved with them). However, for buyers who are really wanting to own instead of rent, I have the resources to help you navigate down payment assistance programs.
"When Rick arrived at our home to discuss the potential listing, he came prepared with comps to discuss the reality of the current market, market pricing and a selling strategy. He did not just rely on the exposure that a listing in the MLS system would provide, he also had a very comprehensive internet marketing strategy tailored to my historic home and to the savvy internet buyers of today.He promised me, during our initial meeting, that he would be prompt and attentive and do what it would take to get my home sold and I am very pleased to say that he truly lived up to his word...
When we received an inquiry of interest from a potential buyer that was not familiar with the historic aspects of the neighborhood, Rick went out of his way to explain the intricacies of the area to the buyer and her agent and the justification for the pricing of the home. Needless to say, we had an offer within the week from them!
When working with the appraiser, Rick made an effort to differentiate my home from the short sales and foreclosures that may have been used as comps. Additionally, he made an outstanding effort to make sure all the "i's" were dotted and the "t's" were crossed for an issue free closing. Communication with Rick was the least of my worries in this transaction - to say that he was prompt and attentive to my phone calls and e-mails would be an understatement - a refreshing change.
The overall support, responsiveness, insights and advice I received from Rick were beyond compare. His solid knowledge of the market allowed us to position the home in the best light and get it sold within a reasonable timeframe in an unsure market. We will most certainly utilize his knowledge of the area and the market for our next home purchase."
Greg Barnhill and Chuck Kaelin
.. we wanted to live in Seminole Heights, but we weren't sure which realtor to use. We chose Rick because of his expertise in this area, and it turned out to be one of the best decisions we made. Rick is incredibly knowledgeable and helpful, and he is an excellent listener as well! After just a few conversations with Rick about our preferences and needs, he found us a number of houses that met all of our criteria. We ended up in a great house that's in a perfect location for us. Rick helped us immensely throughout the entire process, and even though we closed over a year ago, we still go to him for advice about home improvement and recommendations for skilled laborers. He is always ready to offer his expertise, and we consider him an invaluable resource. Jennifer Bosson and Dave Davisson neighbors in Old Seminole Heights
"Thanks Rick for showing us all the properties,... we were really glad the first seller didn't respond on time, it gave us time to find the perfect home with your help. ...my wife was really glad you knew so much about all the different plants in the courtyard. And thanks for being so professional ... I would not of had the patience you did. " Randy and Penny Dean, new homeowners in Carrollwood Village
"...thank you for helping me through this home buying process. I really do love the house and couldn't have made the move without your compassionate help and guidance." Jamie Pilarczyk, first time homebuyer
"Rick was an absolute joy to work with. As a first time home buyer this was an exiting yet unnerving experience for me, so having a reliable and knowledgeable agent was key. It was clear to me that he has strong ties to the Seminole Heights community and genuinely cares for the neighborhood and its residents. Most importantly, I think Rick listened to all of the specifics I was looking for in a home, and found the perfect match for me. I couldn't be happier, or more satisfied. I feel completely confident recommending his services to anyone interested in buying or selling a home." Courtney Ellison, Hampton Terrace resident.
"We wanted to express to you are gratitude for helping us sell our property. We sincerely feel that we could not have done it without you. You went far above what would be considered standard realtor effort to make sure everthing was perfect. Your knowledge of the marketplace, your eye for detail and your integrity are certainly a winning combination. Over the last couple of years we have had many experiences across the country in real estate and by far dealing with you has been the best experience that we could ask for. We can highly recommend to anyone that when they hire you... they are hiring the best! Please have any of your potential clients call us if they need a referral." Tom & Andrea DeFrancisco, Lake Wylie, SC sellers, 912 W. Idlewild
"Although it has been a couple of months since the closing on my new home, I have not forgotten how you helped me fulfill that dream. Four realtors later, and me at the end of my wits, is when I met you. I will admit I was skeptical at first...however, you immediately gained my trust and the rest is history. Your patience and determination prevailed as you kept looking for the perfect home for me and then we found my "Gingerbread House!" With all said and done, your diligence, perseverance and patience was outstanding. I truely believe you were operating in my best interest and for that, I am most grateful." --Linda "Lou" Gomes, first time home owner
We had worked with two other realtors who could not find what we were looking for. Our participation in the city's first-time homebuyer program presented several challenges, but Rick met them all. My dad even told me "I never saw a real estate agent work so hard for his client." We were so pleased with his abilities that we have recommended him twice, once to a friend who he helped into her own first house, and later to my sister when she wanted to sell. They were both as happy as we were with the experience, and we would recommend Rick to anyone." --T.J. Weekes and Chris Schad, first time buyers
"I wanted to thank you for all of the wonderful service you provided me over the last year in my house hunt, and my recent purchase of a home. It took me over a year to purchase a home and I greatly appreciate you're patience, and consistently providing me with prompt and courteous service that whole time. I think most other Realtors would have become fed up with me after showing me house after house and I either wasn't interested in making an offer, or by the time I made up mind and decided I wanted to make an offer, the property was already under contract. In spite of all my hemming and hawing you stuck with me and remained positive and supportive and encouraged me to do what I felt was right, and didn't put any pressure on me to buy something I wasn't sure about. Thanks again for all of your patience, advise, and good service on the purchase of my wonderful home. I've already been recommending you to all of the people I know who are interested in either buying or selling a home." Cole Talty, CPA south Tampa.
"You made selling our house a calm and even fun experience. Your knowledge, support, and customer service led to a quick and profitable sale. While we are both happy with 'quick and profitable,' it is your guidance and honesty we'll remember forever!" - Marky Spies and Ed Van de Wall
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