Newton Victorian Inspires a Bidding War

 

Problem: The 1,800-square-feet, 150-year-old Newton Mansard Victorian was loaded with charm, generally well-maintained, but it had some issues that needed to be addressed. The wide plank pine floors, which were original to the home, were splitting. A parquet floor in the entryway looked dated and shag carpeting masked the front stairway’s period appeal.

 

The family was able to move out for a couple of weeks, so we had free and easy access to the house and this was especially helpful because of all the pandemic precautions we took.

 

Solution: We got quotes for fixing the pine floors vs. replacing them.  New oak flooring would be about the same price as repairing them, so I advised my clients to go for the oak. We removed the shag carpeting and painted the stairs, which made them dazzle. We also did some light staging with new bedding, accent pillows, bedroom lamps, and sumptuous towels.  We created a more welcoming entrance by placing a rocking chair and mums on the front porch. The upgrades cost about $7,000.

 

We also marketed the property to the hilt, including creating a 12-page booklet that provided lots of helpful information about the property and the neighborhood, including what attracted the owners to the home in the first place.

 

Results: Can you say "$100,000 over asking?”  Yes indeed. In consultation with the owners, we listed the home at $799,900. The price was conservative in deference to the time of year, but we also wanted to generate a lot of excitement and the decision paid off. We got seven bids. The winner paid $900,000 and I have two very happy clients.

 

All in a Day’s Work: Solving Real-Life, Real Estate Problems for our Clients is a regular feature brought to you by Marie Presti of The Presti Group. Our agents specialize in luxury homes, rehabilitations, multi-families and condominiums in urban, suburban and exurban areas throughout the Greater Boston area. Marie Presti is a Certified Negotiation Expert. Reach out at to find out how "We go the extra block.”

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