Monday, July 20, 2015

Frankly It's Still A Frank Lloyd Wright For Sale

Well the owner has done about all he can with the home. The exterior is complete and there is a little more work to do for the interior. We have estimates for finishing some of the woodwork and installing new knobs on the doors which would be time period accurate of course. Appliance package could be negotiated in there too. The estimates range from $12,000 to $35,000 for the refinishing of the interior wood work, carport shed door, knobs, bathroom fixtures and repairing of a couple of windows.
 It would be nice to see someone live in this home as it has been empty for about 16 years.
This past Sunday, July 19th, the open house went well. There was at least one person with some serious intent. Then we had the usual tourers who aren't looking to buy but just curious since it is a Frank Lloyd Wright home. That is fine though, I know more about this home and The Acres than any property I have ever listed or sold. It is good to be able to share the story of the home with others. I am also still rather surprised at how many local people do not realize these homes are even here. But what is even more surprising is that there is virtually no local interest in the home. I have had potential buyers come from New York, Texas, Washington, California and Arizona. At the time there was still a lot of exterior work to do and the ceilings were out. I think they have all found other homes since. We have had only one serious local buyer but they couldn't get the financing to work.
 So close to being finished.... yet so far. I have faith though, someone will grab it and refinish the interior and the next thing you know..... it will be the best looking FLW in SW Michigan.
 I will tell you this..... for renovation loans..... Prime Lending has a fantastic jumbo that would cover the work. Also, the owner is willing to negotiate on the work as well.
It is undeniably possibly the best deal on a Frank Lloyd Wright home anywhere in the Northern Hemisphere. Centrally located between Chicago, Detroit and South Bend.
 I will be doing some additional advertising this coming week. The site, though I have mentioned it in the forums, it has not been posted on the site yet. Perhaps that will be the ticket.
We will have to wait and see.

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