39 S St NW
A CONCIERGE SUCCESS STORY
Compass Concierge
The housing market is more competitive than ever, with most buyers looking for nearly turn-key properties. It is up to us agents to get your home market-ready, while still maximizing the return on your lifelong investment.
Compass Concierge is the hassle-free way to transform your home with zero upfront costs or interest. With Concierge, you do not have to pay the initial out-of-pocket costs for home improvement services like painting, staging, flooring and more. When your home sells, simply pay back the costs of the services provided.
39 S St NW Street CASE STUDY
Background
This turn of the century Victorian Bayfront Rowhome had undergone a renovation in 2012 to create a legal two unit property and update the kitchen and baths. While the renovation was well executed, some of the finishes had become dated and some of the original details suffered from deferred maintenance. The living room also was very narrow making the living space tight which limited furniture placement and reduced the light levels on the main level. After our initial consultation and a walkthrough with our preferred designer/stager, we developed a market analysis of both “as-is” condition value and a range of values that we were confident the home could attain with a range of strategic updates. Our pre-listing preparation budget, financed through Compass Concierge, was $50,000.
Projected Results
- Original “as-is” value projection +/- $1.1MM • Compass Concierge Budget: $50,000
- Seller Upfront Expense: $0
- Initial Post Renovation Estimated Value: +/- $1.2MM
Scope of Work
INTERIOR
- Flooring: The original hardwoods in this home were in really poor shape. Homes in this era were built without subfloors and you could literally see through the floors in places. We installed 7” engineered white oak hardwoods over the existing floors to give the entire home a modern, uniform look and feel
- Opening Up the Floorplan: We removed a non-load bearing wall between the living room and foyer to open up the entire living space on the main level and provide more light throughout.
- Paint: We painted the entire interior of the home a crisp white to complement the new floors and brighten the space.
- Lighting: We installed new semi-flushmount, pendant and vanity lighting in the entryway, kitchen, hallways and baths to update the home’s lighting scheme. We also moved the dining room chandelier to create a more functional dining space.
- Stairs: Since replacing the stair treads to match the new flooring was cost prohibitive we installed a stair runner and painted the risers, bannisters and trim with a dark, custom color to create contrast with the crisp, white walls.
- Baths: The baths had previously been remodeled but the finishes had become dated. We replaced the vanity tops with Quartz counters, installed new sink hardware, mirrors and vanity lights to give the baths an affordable, yet dramatic upgrade.
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Staging: We employed high end staging to create a fresh, modern look and feel.
EXTERIOR
- Front Entry: We repainted the old wooden front entry door with a dramatic, dark gray for contrast with the exterior red brick. We also installed an electronic deadbolt with a touch keypad to replace the tired, existing hardware.
- Landscaping: We cleaned out the front and back gardens, mulched and planted new flowers. We powerwashed the front and rear walkways and patios to refresh their appearance
- Deck: We refinished the deck surface and staged the outdoor space to highlight its functionality
Owner Testimonial
We had a wonderful experience with Abrams Residential and Compass Concierge. We did not have to worry about a thing, David and Claire did all the dirty work. Not only are they professional and knowledgeable, but they also have great taste and treated our home like it was their own. Their design suggestions were spot on and their oversight of the process, from introducing us to their preferred vendors, getting estimates and coordinating the work made the process of getting to market seamless. They set reasonable expectations from the beginning and then did everything in their power to exceed them...which they did with two non-contingent offers that netted us well above our target price. If you are looking for agents that actually add value to your home and don’t just put a sign up, then Abrams Residential is the partner that you are looking for in this competitive market.”
The Results
- Number of Private Showings: 20
- Open House Visitors: 40+
- Offers: 2
- Contract Price: $1,232,500 with no contingencies
- Estimated Return on Concierge Investment: 2.65X
Abrams Residential
Abrams Residential specializes in holistic real estate solutions that are data driven, design-minded and laser focused on both our clients’ desired results and their wellbeing. As a husband and wife team raising our family in the Westmoreland Hill neighborhood of Bethesda after eight years in Shaw, we are truly a local, family business and we understand that success lies in the details. That’s why every property we represent receives our personal attention and care from the moment we walk into your home until far beyond settlement. We believe in building lifelong relationships built on trust and performance, which is why over 90% of our $200MM+ in sales have come from repeat and referral clients.
ABRAMS RESIDENTIAL BY THE NUMBERS
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Over $200MM+ Sold
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Recognized by The Washingtonian as a Top Producer
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Recognized by Real Trends as one of America’s Best Real EstateProfessionals (top 1.5% nationwide
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90%+ Repeat/Referral Business
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50+ 5-star reviews on Zillow