We sat down the neighborhood Realtor and discussed an cussed for
what seemed like several hours. They are a family of Realtors; husband
& wife & and son. What they had to say is both good and bad. Tulsa's
downtown has been enjoying a wonderful revitalization over the last 10 years or
so. We benefit because we are the oldest planned neighborhood in Tulsa and very
close to the thriving downtown arts district. Homes in the neighborhood 20
years ago were falling down in disrepair while the larger ones were purchased
by smart investors. Over the last decade or so the remaining smaller homes have
been or are being restored and purchased by young professionals who enjoy
the urban lifestyle at a minimal price. We have downtown condos with a starting
price of $875K, so it is easy to see why our neighborhood would be a wish
choice.
Realtor Debra Jones is aware of the
demographic and trends but we believe she finds it easier to sell these little
cottages for a lesser amount because it is an easy sell. We know she sold the
houses on both sides at below value! Due
to the larger homes selling off earlier we have lots of recent sells for at or
under $100K in the area. Debra says when you have a 1100 sf cottage with only
1 bath, and without a fully redesigned kitchen with granite counter
tops, coupled with the low priced sells in the immediate area, it might be difficult to impossible to get a
loan over $100K.
The upstairs area and the inclusion of the
back porch into the kitchen area, have not been added to the deed square
footage. So this Friday morning at 6:30 AM no less, we have an appointment with
a certified residential property appraiser to give us an accurate number.
Meanwhile our next task is to check around
for home loans for our new property to determine how much we should borrow and
from whom. It's going to be tricky because we really need to move out of the Bonhaven cottage prior to putting it on the market.
We have made a start on the Bathroom and
it has been WORK but fun.
Finally down to the wood! I plan to varnish the door because it reminds me of driftwood. The molding part of the cabinet will be turquoise. I am also planning a cool shade to go over the light fixture.
Boy does this look better than the old one! Roger did a great job with the installation!
Roger has started striping the wallpaper. The walls will be a light sand color (not pink!) He has replaced the fan/light and painted the ceiling too. Looking good!
Tonight we get to take the night off with bargain hamburger night at McNellies Tavern and then take Cabbie, Ella, Chief and Hana to Handling class.
Cabby getting ready to show.
Roger and the fur-balls hanging out in the bedroom while showing off the beautiful paint job which Julie and Mark did while we were soaking up the sun on vacation. Are they good friends or what!!! Speaking of good friends, the bed is adorned in a lovely red Scottie quilt given to us as a wedding present by Theresa Stewart.
Received this cute picture of Olivia. Previously known as the orange collar puppy. You can't see it in the picture but she has a cute milk chin.
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