In May 2010, this four-bedroom home looked like Hurricane Sandy had hit. Inside and out, the home was in shambles, with broken windows, holes in the drywall, ruined carpets and dated or missing appliances. Worse, the property was infested with insects. The Alegria Real Estate team couldn’t wait to get started.
In three weeks, Alegria’s network of construction professionals transformed the battered 1990 Mediterranean beauty, adding new flooring and kitchen appliances, refinishing the cabinets, installing double-pane windows throughout, painting, replacing the garage doors, bringing the pool up to code, plumbing for solar hot water and restoring the landscaping. The home, which sold for $675, 000 in 2005, had an IRS lien against it when Alegria bought it at a trustees’ sale auction. Like 90 percent of the properties Alegria buys, it was occupied. Alegria offered the former owner a relocation package, which included cash assistance.
Out of the ashes came a beautiful “new” home, a safer neighborhood, a more valuable property, a happier block and a chance for a new family to put down roots.
Project: 2,982 Square-foot single-family home.
Location: Oceanside, California