SOLD - 5 Butternut Street - PLAYTER ESTATES (UPDATE)
This is a 5 bedroom, 5 bathroom house on a 29 x 100 foot lot in Playter Estates.
The photo below shows what it looked like in September 2011 when it was listed for $875,000.
It is very possible that this is a 'rebuild' but it could be a new build.
But it is clear that it was a flip.
I did have a reader email me though and tell me that I have the whole flip/renovation lingo wrong.
According to the reader:
Definition of a Flip.
Patch Paint Clean up.
Back on market in 2 months or even weeks
I consider a flip to be any property that was bought with no intention to live there but to fix it up, whether with paint or a back to the studs reno (even a new build), in order to make a profit.
Like this house.
Sure, it this was back to the studs with a third floor addition. Or it may have even been a new build.
But it was intended to buy the house, flip it, make a profit.
And they did.
This house was listed at $1,899,000.
Parts of it are not my style but it is a solid house with lots of room. Not quite as fancy as the house at 20 Kilbarry Road in Deer Park but very similar and with a MUCH bigger back yard (even though this one still isn't huge).
Actually, look at the mirror in the dining room at this house...
It's the same as the mirrors at 20 Kilbarry Road...
And that kitchen hood (which to me is kind of a monstrosity but then again, I'm not really a fan of vent hoods other than this one)...
Here is the vent hood for this house...
Here it is for 20 Kilbarry...
Basically the exact same
So....obviously the same builder.
20 Kilbarry was listed at $2,399,000 in December before dropping the price to $2,299,000 in January.
It still hasn't sold.
This house on the other hand sold overasking in just 3 days...
For $1,975,000.
UPDATE: below are the pictures of the interior of this house before the 'rebuild' (thank to the commentor below for confirming that)...
